Latest / Simply Bitcoin / Robert Kiyosaki PREDICTS $350k Bitcoin | EP 1006

Transcript

Robert Kiyosaki PREDICTS $350k Bitcoin | EP 1006 · Simply Bitcoin

• 0:02
  It's all going to zero against Bitcoin.
• 0:06
  It's going on forever. You're against Bitcoin.
• 0:16
  You're against freedom. Yo, good morning everybody.
• 0:24
  Welcome to Simply Bitcoin, the number one daily live Bitcoin
• 0:27
  only show on YouTube, Twitter and Rumble.
• 0:30
  We cover breaking news, culture and memetic warfare.
• 0:33
  Of course, it's your boy Opti. Nico had to run.
• 0:36
  I think he's doing a doctor's appointment for the newborn.
• 0:40
  So you're stuck with me as I will be the guide through the
• 0:43
  separation of money and state. And I was low key kind of
• 0:47
  trolling behind the scenes that we're we're going to lean into
• 0:51
  rebranding today from simply Bitcoin to simply speculation
• 0:54
  because the last couple of days we've been giving you a lot of
• 0:57
  bullet points on where we think the bull run is going to go.
• 1:01
  You know the five bullish reasons yesterday from Marty
• 1:04
  Bad. We're seeing a lot of Fiat
• 1:06
  debasement acceleration in the world and here we are as
• 1:11
  bitcoiners. We're seeing all kinds of crazy
• 1:13
  price speculation, price predictions, and we got a crazy
• 1:16
  one today. I'm sure you guys know Robert
• 1:19
  Kiyosaki. I guess I, I kind of consider
• 1:22
  him like a hard money financial doomer.
• 1:26
  But hey, you know, when people talk about Bitcoin in good and
• 1:30
  bad ways, we love to cover it. And on that note, this is
• 1:34
  absolutely incredible price prediction.
• 1:36
  I, I think he is definitely smoking the opium.
• 1:39
  But hey, we're going to cover it because I also believe that
• 1:42
  Bitcoin is headed to the six figure range.
• 1:45
  And I'm going to give you guys my viewpoint, what I think is
• 1:48
  going to happen in the next 12 to 18 months.
• 1:51
  And on that note, I know a lot of Bitcoiners always talk about
• 1:54
  this idea that the price of Bitcoin doesn't matter.
• 1:57
  There's a lot of cool stuff going on behind the scenes that
• 2:00
  is really more important. But with number go up, comes
• 2:02
  freedom go up. And as I was telling our guest
• 2:05
  today, I really do believe that one of the main drivers of
• 2:09
  people coming to Bitcoin is once they catch the FOMO.
• 2:13
  And on that note, we had a great clip come out from Jack Mahler's
• 2:18
  at the Oslo Freedom Fest talking about exactly that, that we are
• 2:23
  seeing an incredible wealth transfer going to Bitcoin and
• 2:26
  that the price of Bitcoin is important.
• 2:29
  So as much as we like to dunk on price predictions, price
• 2:32
  speculations, the price of Bitcoin is important, guys.
• 2:35
  And This is why we cover all of this stuff in Bitcoin because
• 2:39
  it's all about the culture. What we say here all the time on
• 2:42
  Simply Bitcoin is we are in the battle to win the hearts and
• 2:46
  minds of the masses. And for better or worse, they
• 2:49
  come because the price starts getting crazy.
• 2:51
  And I've been telling you guys this for a couple of days that
• 2:54
  we have some metrics on the back end that just completely
• 2:58
  destroyed the idea that price isn't important.
• 3:01
  Because once the price starts moving, people start to come and
• 3:05
  look for Bitcoin content. And when it starts going
• 3:07
  sideways or down, people tune out.
• 3:10
  And I think we're on the verge of an incredible last leg of the
• 3:13
  bull run. And so here we are.
• 3:16
  We're gonna add to the opium a little bit, but I have a full
• 3:19
  house today. So Nico this morning, hit me up.
• 3:22
  He's like, yo, I need you the host.
• 3:23
  And we had to scramble to get a Co host here, but we got one of
• 3:28
  the best. I'm gonna I'm gonna call him the
• 3:30
  best producer in the game. But I, I think, I think my boys
• 3:34
  over at the Bugle might be winning that title right now.
• 3:36
  But we got Chris Alemo, the one and only Chris Alemo,
• 3:41
  programming manager at Swan, formerly a Bitcoin magazine.
• 3:45
  He's one of the best producers in the game.
• 3:47
  Chris, how you doing? I, I don't want to dox your
• 3:49
  personal life, but it's good to have you back.
• 3:51
  It's good to see you on Simply Bitcoin.
• 3:54
  How's everything bro? Doing well, had a little bit of
• 3:57
  a break. Happy to be back, Opti.
• 3:59
  I'm excited for Opti Unleashed today.
• 4:01
  You know, without Nico in the house, the parents are out of
• 4:03
  the, you know, out, out doing their thing.
• 4:06
  So it's Opti and I taking over the airwaves today.
• 4:08
  Yes, yes, I should have. I should have redone the logo.
• 4:11
  So we're not simply Bitcoin today.
• 4:13
  We are simply speculation. We are simply price predictions
• 4:17
  today. But this one's going to be fun.
• 4:19
  You already know when when Opti gets to host a show, things get
• 4:21
  a little crazy, but I do have some awesome guests today and I
• 4:26
  think you guys are going to truly thoroughly enjoy today's
• 4:29
  culture. So first I'm gonna bring up
• 4:31
  Kamal. He is the director of marketing
• 4:36
  at Galloy and what we're going to talk about today.
• 4:38
  He is also helping organize adopting Bitcoin with our other
• 4:43
  friend Charlie here. So let's uh, let's talk about
• 4:47
  this for a little bit before we get into the show and today's
• 4:52
  theme in the culture that Kamal really wants to hit on, and This
• 4:56
  is why we brought Charlie on today is to further elaborate on
• 5:00
  the idea of Bitcoin being a medium of exchange.
• 5:03
  Charlie is in Berlin, El Salvador currently and they are
• 5:08
  organizing, adopting, adopting Bitcoin in November.
• 5:11
  So Kamal, how you doing this morning?
• 5:15
  How's everything? Oh, you're muted, bro.
• 5:20
  We were just talking. We were just talking.
• 5:21
  Now he's muted. Thanks, man.
• 5:24
  Thanks for having us. It's a fantastic day finally.
• 5:28
  Glad to finally meet you here. Why is it a fantastic day?
• 5:32
  Well, I got a simply Bitcoin invite BCC amazing plug in that
• 5:38
  I've been waiting for for a long time, actually since Madeira,
• 5:41
  even a little bit earlier than Bitcoin Atlantis.
• 5:44
  And we also have a little thing going on with Link that I'm
• 5:48
  personally very excited about. I think something that will
• 5:52
  help, yeah, get Peps, get KYC free Bitcoin.
• 5:58
  You know, like I think this is like really, really important
• 6:01
  and we need to have some behavioural change.
• 6:03
  We got a little bit complacent getting used to the convenience
• 6:07
  of KYC exchanges and but I think like that honeymoon phase is
• 6:13
  over and we need solutions for that.
• 6:16
  And last but not least, I'm supposed stopped here to to talk
• 6:20
  a little bit about adopting Bitcoin and what it means and
• 6:22
  what's coming up. Love it love it, bro.
• 6:25
  Well, actually, could you tease the point of sale device right
• 6:31
  on the screen for people and then we'll we'll show we'll talk
• 6:34
  about it in the culture. All right, guys, I think you
• 6:37
  guys are going to really like this one.
• 6:38
  This this is a really cool project, a really cool feature
• 6:41
  coming out. But anyway, before we get into
• 6:42
  more Charlie, how you doing today?
• 6:44
  We we, we are upping the sex appeal on Simply Bitcoin today.
• 6:49
  We. Got Charlie in the house, you
• 6:51
  know, looking swab with an accent.
• 6:53
  There's going to be a great. Shell off the no thanks a
• 6:56
  million for for the invite. It's an honor to be here on
• 6:59
  Simply Bitcoin and getting the message out of how important it
• 7:02
  is to have Bitcoin being used as money.
• 7:05
  I'm here in Berlin. There's over 140 merchants
• 7:08
  accepting Bitcoin and you can live here purely on a Bitcoin
• 7:11
  standard. No need for any government
• 7:14
  issued currency. So yeah, it feels good.
• 7:16
  Feels like there's a lot of progress going on here and it's
• 7:19
  it's great to be able to talk about it.
• 7:21
  Let's go. Yeah, I know the I know the
• 7:23
  audience is going to really love this, this cultural talk today
• 7:27
  about what's happening in El Salvador.
• 7:29
  Bitcoin has a medium of exchange because recently we have been
• 7:31
  seeing a lot of narratives of simply keeping Bitcoin as a
• 7:35
  store of value and where monetary maxi's here at simply
• 7:38
  Bitcoin, we're like, no, Bitcoin is money.
• 7:40
  It's the best way to transact in the digital age and it's not
• 7:44
  just about saving and never touching your Bitcoin.
• 7:47
  It's obviously about storing as much wealth as possible, but
• 7:50
  also being able to send Bitcoin across the world basically
• 7:53
  instantly, and this is what we're going to be talking about
• 7:56
  today. But without further ado, guys,
• 7:58
  let me plug our sponsor, the company that keeps us going
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  to talk about the wishing well. So I got logged out of this
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  guys, but here we go all right, so once you get into Bitcoin
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  well, go over here in your dashboard, hit your Bitcoin well
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  rewards, go into my rewards, go into redeem and click the
• 9:04
  Bitcoin wishing and well, and we already got this one Adam.
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  We already got this quote here, but we're transporting you back
• 9:10
  to 1999 where the Blair Witch Project was released.
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  So here we go I'm not gonna redeem this guy.
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  So pull out your lightning wallets right now and you can
• 9:18
  redeem some points. So here you go, redeem some
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  points. I'll leave this on the screen
• 9:22
  for a moment and first come first serve.
• 9:26
  Who ever scans this first? Oh, it's not working.
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  There we go. There we go.
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  All right, first come, first serve.
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  Scan it right now. I'll give you a moment, guys in
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  the audience so that you can receive some Sats and then I
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  will do it one more time. So if you don't get it the first
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  time, we'll get it the second time.
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  All right, here we go. Hopefully someone gots it.
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  If not, you know, rewind it. It's it's going to be there for
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  a moment. All right, next one, one more
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  before we move on. You are being transported back
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  to 1999 and the Y2K bug is being successfully addressed.
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  Wow, Y2K. What?
• 9:59
  Man, I feel old now. All right, all right, one more
• 10:01
  time. One more time before we move
• 10:03
  into today's show. Giving you guys some sats.
• 10:06
  Giving you guys some sats. So shouts out to the Bitcoin
• 10:09
  Well team. They just released this product.
• 10:11
  They're wishing well. You can get free sats.
• 10:14
  You get points every time you buy when you refer people.
• 10:17
  So here you go guys. With that being said, let's get
• 10:21
  into the show. Bitcoin numbers.
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  Is your seed phrase really secure?
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  Of course guys, we made it easy for you guys.
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  Scan the QR code. Wait, scan the QR code.
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  Do not leave your seed phrase on a piece of paper in your sock
• 11:31
  drawer. This is not how you store your
• 11:33
  generational wealth, but on that note, we're over here on Clark
• 11:37
  Moody's dashboard. Of course, got to give you the
• 11:38
  numbers. So my favorite number is always
• 11:40
  the block height guys, tick tock next block.
• 11:42
  It's probably the most important number on here.
• 11:45
  It's, you know, bitcoins working exactly as designed and we're
• 11:48
  currently at block height of 846,762.
• 11:52
  The current Bitcoin price is $70,900, which means the stats
• 11:56
  per dollar, AKA how much Bitcoin you can buy for a single dollar,
• 11:59
  AKA how much is single dollars worth in Bitcoin, is currently
• 12:03
  at 1410 SATS per dollar. The total percentage of Bitcoin
• 12:07
  that will ever be issued, I repeat the total percentage of
• 12:11
  Bitcoin that will ever be issued is currently at 93.85%.
• 12:15
  The market cap in Fiat terms is $1.4 trillion if I remember
• 12:19
  correctly. It's silver is 1.27.
• 12:22
  So hey, finally, finally fooling, fully knocking silver
• 12:26
  off hard money game. It's not even hard money.
• 12:29
  But you know, we're, we're, we're up and up the market cap
• 12:31
  guys, and I think we're going to get some crazy movement on that
• 12:34
  market cap number, but it doesn't really matter.
• 12:37
  The realized monetary inflation, as Nika always says, taking Fiat
• 12:40
  currencies to school was at 1.61%.
• 12:43
  Remember when we started reading this guys?
• 12:45
  It was at like 1.8. And now it's just slowly, slowly
• 12:49
  but surely inching down. Bitcoin is the strongest,
• 12:53
  hardest money in the world and you just love to see it.
• 12:55
  And hopefully more people catch on to that idea because what are
• 12:58
  you doing saving in dollars? It makes no sense.
• 13:00
  Why do you save in dollars? It's melting ice cubes.
• 13:03
  You guys are lost in the sauce. You need to save Bitcoin.
• 13:06
  Anyways, the Bitcoin versus gold market cap, we're inching up
• 13:09
  towards 10% of the Bitcoin or the gold market cap currently at
• 13:12
  8.62%. The total public lightning
• 13:15
  capacity is at 4769.1 BTC and the hash rate the last 90 days
• 13:21
  is at 600 and 6.7 extra hashes. Shouts out to Matthew in the
• 13:26
  chat 'cause he's gonna say one Zeta hash.
• 13:28
  We have yet to get there, bro, but we'll get there soon enough.
• 13:31
  Anyways, as I was telling you guys today, you know, we're
• 13:34
  rebranding simply Bitcoin to simply price speculation, simply
• 13:38
  price predictions for today. And I know Nico, he says we
• 13:41
  don't like to speculate on the price.
• 13:43
  You know, we, we bring on influential Bitcoiners to talk
• 13:47
  about price predictions and yet we usually do it every other day
• 13:50
  or two anyways. But the reason we do it is very
• 13:55
  well summed up in this clip by Jack Mahler's at the Oslo
• 13:58
  Freedom Forum. And the headline here on the
• 14:03
  Bitcoin Magazine tweet is Bitcoin is the biggest wealth
• 14:06
  transfer in modern human history.
• 14:08
  But the reason I wanted to bring this up today, especially going
• 14:11
  into what we're going to talk about in the news is a point
• 14:14
  that Jack talks about. And you guys look, I know we all
• 14:17
  say that the price of Bitcoin doesn't matter, but it really
• 14:20
  does matter. And it's something that I say
• 14:21
  all the time in mimetic form, is that the Bitcoin price is a real
• 14:25
  time metric of people's understanding of what Bitcoin
• 14:28
  is. And currently it's at 70 K,
• 14:31
  which personally just means that most people don't know what
• 14:34
  Bitcoin is. They have no idea what Bitcoin
• 14:36
  is. And again, I know you guys don't
• 14:38
  talk to normies out there, but I still sometimes talk to normies.
• 14:41
  You know, I, I got to, I'm plug and see what the average person
• 14:45
  is thinking and I come across basically two mental frames when
• 14:49
  I talk about Bitcoin and I'm getting to the point where I
• 14:52
  don't even bring up Bitcoin too much anymore because it's like I
• 14:55
  gotta deal with this all over again.
• 14:56
  But it's usually 2 frames or modes of thinking.
• 14:59
  One, they either completely don't know what it is, which is,
• 15:03
  as Nolan would say, just the the quintessential NPC take.
• 15:07
  They don't even know what it is, haven't heard of it, Which is,
• 15:10
  you know, I think, I think it's, it's a stretch to say that most
• 15:13
  people don't know what Bitcoin is.
• 15:14
  They just tune it out. And the second one is they look
• 15:18
  at you like you're crazy or you're some kind of weird
• 15:21
  cypherpunk financial illiterate psychopath nerd.
• 15:24
  You know, I don't need Internet nerd money type thinking.
• 15:26
  So we still have a long way to go in.
• 15:30
  I hate to use the word re educating because I know how the
• 15:33
  globalists use that term, but memeing people into the power of
• 15:38
  Bitcoin. But let's let's listen to this
• 15:40
  clip and then we'll chat about it because Jack Mahler just
• 15:42
  kills it. I I could never do justice to
• 15:43
  what Jack Mahler. Says it's like supercharging and
• 15:47
  making it move quicker because especially when you come to
• 15:49
  these events, right? It's like time is of the
• 15:51
  essence. I feel like we we need all this
• 15:53
  stuff yesterday. I agree.
• 15:55
  I mean, Bitcoin's the biggest wealth transfer in at least
• 15:59
  modern human history. For people that are like, you
• 16:02
  know, price doesn't matter. I call bullshit.
• 16:06
  Price matters a lot. I mean, price to me is, is the
• 16:09
  most active index we have on how much of the world is using the
• 16:12
  money. And I think it's really
• 16:13
  important that there is a transfer of wealth.
• 16:15
  I mean, it's demonetizing. I mean, there are people with a
• 16:18
  tremendous amount of wealth that's been passed down
• 16:20
  Manhattan real estate for four or five generations.
• 16:23
  That guy's not fun. He's not funding Kali.
• 16:25
  He's just not. And so I think it's important
• 16:28
  that we're demonetizing that wealth and putting it into
• 16:30
  active hands of people that are in this conference and in this
• 16:32
  room. So I couldn't agree more with
• 16:34
  you. I, I think that's right.
• 16:36
  I, I mean, I said earlier, I think Bitcoin is pure humanity.
• 16:42
  I really do. I think the human story is
• 16:45
  engineering a better world and the human story is
• 16:47
  commercializing energy from the sun.
• 16:50
  And Bitcoin is energy money. It's literally that and it's
• 16:54
  literally an engineering product project.
• 16:56
  It's our first engineered man made money.
• 16:59
  And so being bullish on bitcoins, being bullish on
• 17:01
  humanity and placing a premium on the future.
• 17:03
  And so I think if we are able to capitalize on this wealth,
• 17:07
  transfer it in theory it would be a much better world with
• 17:12
  wealth being with this room versus I don't know, Jerome
• 17:17
  Vowel or whatever, I don't know so.
• 17:21
  Oh man, so much sauce there so much sauce in that little clip
• 17:24
  there by Jack Mahlers. But it's something we say here
• 17:27
  all the time and I'm I'm gonna keep everyone on the screen so
• 17:29
  we can discuss this a little bit.
• 17:31
  It's this idea of we say it very, very simply on the show.
• 17:35
  You know, it's Bitcoin or slavery.
• 17:37
  It is Bitcoin versus CBDCS. And you guys hear me constantly
• 17:40
  say on the show as well that like I am team human.
• 17:43
  This is why I love Bitcoin is because there's two two world
• 17:48
  views playing out right now there's the Fiat world, as we
• 17:51
  always say, you know world of nihilism of pessimism.
• 17:53
  And then there's the Bitcoin world of optimism and
• 17:55
  positivity. And you have a choice right now
• 17:58
  on what world you want to live in in the future.
• 18:01
  Are you team human or are you anti human?
• 18:04
  And if you are against, wait, hold on, you're.
• 18:06
  Against Bitcoin, you're against. Not only are you against
• 18:09
  freedom, but you are literally working against human if you are
• 18:14
  continuously shilling for CBDC, shilling for Fiat currencies.
• 18:19
  And I also believe, and I think we all believe the same thing,
• 18:22
  that Bitcoin is the the best and the greatest wealth transfer in
• 18:27
  history. You have had the chance to front
• 18:30
  run Wall Street, all the institutions for years now and
• 18:33
  all you had to do was saving Bitcoin.
• 18:35
  Just continue to huddle that Bitcoin, continuously buy
• 18:38
  Bitcoin, and your life is going to get better.
• 18:40
  And this is one of the things I tell you guys constantly on this
• 18:43
  show is that Simply put, most people want to live a good life.
• 18:48
  And if you're stuck in the Fiat world, it's getting harder and
• 18:52
  harder and harder to live a good life.
• 18:53
  But once you get on the Bitcoin standard, your life gets easier
• 18:57
  and everything starts to improve.
• 18:59
  Your worldview starts to improve.
• 19:01
  Probably your health starts to improve.
• 19:02
  Of course, your finances start to improve.
• 19:05
  And again, the reason I want to bring up this clip is because
• 19:07
  Jack Mahler's nails it on the head.
• 19:09
  Guys, the price of Bitcoin is super important.
• 19:11
  I know we like to talk about all of the other things around
• 19:14
  Bitcoin. With number go up comes freedom
• 19:16
  go up comes, you know, freedom of speech, all the things we
• 19:19
  talk about here. A world where you can defund as
• 19:22
  we, you know, Nico's not here. So I'm going to say it.
• 19:25
  You know, we can defund the monetary demons out there that
• 19:28
  are stealing your life force. And that's the beauty of
• 19:31
  Bitcoin. Do you want to build on a world
• 19:34
  where your wealth is being stolen or a world where you can
• 19:36
  preserve your wealth? And I just, I really love how
• 19:40
  Jack said it in that clip that, hey, as much as you want to say
• 19:43
  that the price of Bitcoin doesn't matter, you know, one
• 19:45
  Bitcoin equals one Bitcoin. All the memes, it is super
• 19:48
  important because as the price goes up and we have metrics at
• 19:51
  least on social media that confirm this, as the price of
• 19:53
  Bitcoin goes up, more people start to pile into Bitcoin and
• 19:57
  as the price goes sideways or down, people start to tune out.
• 20:00
  So as much as this is probably like the enemy of your enemy is
• 20:07
  your friend type scenario. When the price goes up, people
• 20:10
  get interested. But once they follow in the
• 20:11
  Bitcoin, as we say all the time, you know, you come for the
• 20:14
  money, you come to make the money, but you come.
• 20:16
  For the OR you stay. For the revolution, you stay to
• 20:19
  fix the world. And that's what this is all
• 20:21
  about. And again, just to echo the meme
• 20:23
  that I always say, the Bitcoin price is a real time metric of
• 20:26
  people's understanding of what Bitcoin is.
• 20:29
  And right now it's 70K. It's undervalued, which means
• 20:32
  most people don't know what Bitcoin is.
• 20:34
  So go forth and meme. Go forth and spread the truth
• 20:37
  and wake people up to the greatest wealth transfer
• 20:41
  opportunity that they could ever have in their life.
• 20:44
  It's it's such a beautiful golden age of Bitcoin.
• 20:46
  Anyways, I've been ranching long enough.
• 20:48
  Bring on Chris. Chris, you know, gives the right
• 20:51
  side of the bell curve take on this stuff.
• 20:53
  So Chris, what's your thoughts on this?
• 20:56
  I, I mean, I agree with Jack Mallers.
• 20:58
  I mean, one Bitcoin equals one Bitcoin, but the price of
• 21:01
  Bitcoin going up does matter. I mean, obviously it helps
• 21:03
  increase the purchasing power of all the holders of Bitcoin.
• 21:07
  There's a great quote that people always say like people
• 21:09
  don't want money, they want what money can buy.
• 21:12
  So obviously you want an increase in purchasing power
• 21:15
  with the Bitcoin going up in value.
• 21:17
  And Bitcoin's basically guaranteed.
• 21:19
  Basically, I'll, I'll say basically guaranteed, unless our
• 21:21
  governments decide to be trustworthy and responsible and
• 21:24
  not spend excess excessively. But obviously with the amount of
• 21:28
  debt that all Fiat sovereign nations have, I don't think
• 21:32
  that's happening anytime soon and I don't think that it can
• 21:35
  happen. I think we're up beyond the
• 21:36
  point of repair for the Fiat system.
• 21:39
  Obviously, I hope it doesn't collapse suddenly.
• 21:41
  That would hurt and harm a lot of people, would cause many
• 21:44
  civil wars, would cause many world wars.
• 21:46
  So it's obviously not a good thing.
• 21:48
  But we're hoping to build a parallel system with a Bitcoin
• 21:51
  economy that we can have people peacefully transition from the
• 21:54
  Fiat world into the Bitcoins system.
• 21:56
  I guess my one final point is you can take any Fiat currency.
• 21:59
  It doesn't have to just be the US dollar.
• 22:01
  It can be the Chinese yuan, it can be the Japanese yen, it
• 22:04
  could be the euro. Whatever Fiat currency, all of
• 22:06
  them are getting debased against Bitcoin in the long run.
• 22:10
  So while Bitcoin may be super volatile in the short term, over
• 22:13
  a long enough time horizon, Bitcoin's price is only going up
• 22:16
  in any Fiat currency you pick. It's going up forever, Laura.
• 22:20
  OK, let's pass it over to Kamal because you do work with Galloy.
• 22:25
  So there was a portion in there about developing the world you
• 22:28
  want to see. So what's your thoughts on that
• 22:31
  Jack Mahler's clip? Yeah, I mean, it's important to
• 22:36
  have a solid store of value that if you want to bootstrap a new
• 22:41
  monetary system, right? Like it would suck.
• 22:44
  Like why would people adopt something that's worse what they
• 22:47
  than what they have? Like obviously we want something
• 22:49
  that's that's better than what we have.
• 22:51
  And what is better? Well, something that can buy me
• 22:54
  tomorrow more than it can today. Like, that sounds pretty fair to
• 22:57
  me because productivity gains are going up and yeah, I'm not
• 23:02
  seeing them in my pocket when I use Fiat currency.
• 23:06
  You know, I'm living here in Istanbul, Turkey.
• 23:07
  We have 60% inflation. People are getting robbed blind.
• 23:11
  It's chronic for decades. And they don't get it because
• 23:16
  they they're being gas lit and, and distracted and, and yeah,
• 23:20
  blindfolded by propaganda, basically.
• 23:23
  And so I really like what you said with the monetary demons.
• 23:26
  I I'm going to make a mental note and steal that one because
• 23:30
  a lot of people, a lot of people think that, hey, I mean, Fiat is
• 23:34
  just not some evil design. It just came about like this
• 23:38
  coincidentally. I don't believe in that shit.
• 23:41
  I'm sorry. Like, this has been crafted.
• 23:44
  This has been designed by the monetary demons to, yeah,
• 23:49
  basically enslave all everybody who is going about their work
• 23:53
  and not worrying too much about how finance work and how
• 23:55
  monetary systems work. You know, like normal people,
• 23:58
  like the majority of people, but unfortunately they have been
• 24:01
  disenfranchised by the people that just cared about this very
• 24:06
  fundamental technology that we all have to use in economies of
• 24:09
  scale. And so, yeah, sort of value is
• 24:15
  important. It's a it's a foundation.
• 24:18
  Without it, we couldn't bootstrap this network that's
• 24:21
  free of money. And yeah, so number go up I
• 24:27
  guess is good for us all. It's scales, lightning, it's
• 24:29
  scales, my scales, my wallet, it goes can buy, purchase more
• 24:35
  things with the money that I earned.
• 24:37
  Never going to make as much money as I did two years ago in
• 24:40
  my life over again. But it doesn't matter because in
• 24:42
  two years I'm going to say the same thing about the money that
• 24:45
  I earned today. So that's fine.
• 24:48
  Obviously it's not going to go like that forever ever at the
• 24:51
  same rate because once we have monetized the F out of all the
• 24:57
  stuff that has a monetary premium at the moment like real
• 25:00
  estate, equity markets, bond markets, whatever.
• 25:04
  Once that's all is demonetized, like I expect that rate of value
• 25:08
  appreciation to flatten out at some point.
• 25:11
  But that's so far in the future that I, I'm not worrying about
• 25:15
  it. And, and still it will be money
• 25:16
  that doesn't steal from you because we have a hard cap and,
• 25:21
  and yeah, it's definitely the best money and hopefully the
• 25:25
  last money that we will ever have.
• 25:27
  Oh. Hold on, let's go.
• 25:30
  That's some bars right there. That's some bars.
• 25:33
  OK, let's get Charlie's take on this, considering you are in
• 25:36
  Berlin, El Salvador, where Bitcoin is used as a medium of
• 25:39
  exchange, but also, you know, talk about Jack Mahler's and the
• 25:43
  idea of price and then maybe a brighter future.
• 25:46
  What? What's your thoughts on all
• 25:47
  this, Charlie? Yeah.
• 25:49
  Cheers, Opti. OK.
• 25:50
  Jack Mallory has a direct point. Dollar is our gauge of what can
• 25:54
  buy us. And the only reason dollar has
• 25:56
  value is because it was tied to gold back about 100 years ago,
• 25:59
  right? And gold is scarce, and we all
• 26:01
  coordinated around this scarce asset for hundreds of years.
• 26:04
  So the only reason why it has value at the moment is because
• 26:07
  it was pegged to something in the past and it's just wheezing
• 26:09
  out at the moment. So price is as important as the
• 26:14
  ability for that metric to buy you goods and services.
• 26:18
  So dollar right now buys us goods and services.
• 26:20
  Therefore we're looking at the price once the dollar stops
• 26:23
  making so much meaning and it's less use useful, we're going to
• 26:27
  be looking at what Bitcoin can buy us relative to the amount of
• 26:29
  barrels of oil, the amount of tomatoes, the amount of
• 26:32
  potatoes, the amount of land it can buy us.
• 26:34
  So as, as we approach time, we will start putting less
• 26:38
  attention on what, on what the dollar is and, and I think by by
• 26:43
  building out ecosystems where we can exchange goods and services
• 26:47
  for a Bitcoin, this allows for the transition to happen easily.
• 26:51
  I don't think it's going to all end in a Big Bang.
• 26:53
  I think it's going to be kind of a whimper.
• 26:56
  And you know, it's going to be a whimper.
• 26:58
  People are going to be speculating much more as as the
• 27:01
  time goes on. And the most free places are the
• 27:04
  ones where Bitcoin is flowing and being exchanged for goods
• 27:09
  and services. So Jack Maller's is a as a huge
• 27:11
  point, the more purchasing power that you can have over the
• 27:16
  course of time, you're going to tend towards that.
• 27:20
  And and yeah, I mean, we can see here, we can see people who have
• 27:24
  been stripped from capital because of war, terror, because
• 27:28
  of gangs in El Salvador. And from this blank slate,
• 27:33
  they're finding this pristine collateral that is completely
• 27:36
  scarce, the most scarce element in the universe.
• 27:39
  And they're being able to save this super scarce element for
• 27:44
  the exchange of pupusas, for being able to make some, some
• 27:48
  fast food and being able to exchange that for, for this
• 27:50
  unbelievable asset. And then be able to exchange
• 27:53
  that for something else and store it away and be able to
• 27:55
  build up a private capital to then invest in whatever they
• 27:58
  want to, to provide for the world.
• 28:00
  I mean, I mean, we, we all need to coordinate around this
• 28:04
  pristine collateral. And I think we have to remember
• 28:07
  that. And we have to remember that
• 28:08
  every time we, we switch from using a payment rail that's been
• 28:12
  issued by, by a central governing body to one that's
• 28:15
  completely decentralized and in my opinion is a gift from God
• 28:19
  for us to be able to, to, to, to free our souls, then the better,
• 28:24
  the better for the world, right? So it's going to happen in
• 28:27
  bubbles, it's going to happen in waves.
• 28:29
  It's not all going to be a straight line.
• 28:31
  It's going to be exponential in certain areas, it's going to die
• 28:34
  off in other areas. And it's, it's, it's all based
• 28:37
  on our awareness of, of who we are as humans and how we work,
• 28:40
  right? And we do need money.
• 28:41
  And once we get past 150 people, like we can't really rely on
• 28:45
  social credit anymore. We have to use a certain metric
• 28:48
  to be able to, to, to bring all our subjective values together,
• 28:51
  right? So, so yeah, Bitcoin is huge.
• 28:54
  Bitcoin is the answer. Move over dollar because it's
• 28:58
  common and it's common fast. Right, let's go.
• 29:03
  As Jake said in the chat, this guy is smart and beautiful.
• 29:07
  OK, I I see how you're the secret weapon down there in
• 29:10
  Berlin. I get it now.
• 29:11
  I get it now, but totally agree. And actually I was reminded of
• 29:14
  one thing that Jack said and then I'll, I'll, we'll get into
• 29:16
  the news. It's what we're seeing as
• 29:19
  Bitcoin and you know, this generational wealth transfer,
• 29:23
  we're seeing a world where people have lowered their time
• 29:26
  preference, where people are thinking about the future.
• 29:29
  Jack even said it and it's probably some high level, you
• 29:32
  know, right, right side of the bell curve way where he's like,
• 29:35
  there's a premium on the future now.
• 29:36
  You can't just steal from the future, bring it to today and
• 29:39
  think that you are improving the world.
• 29:41
  It's like, no, you got a plan, you got to save and who would
• 29:44
  you want to be in control of the future?
• 29:47
  The monetary demons or people that actually care about the
• 29:51
  future, care about their offspring and aren't trying to
• 29:53
  steal value from everyone else like it seems like a very, very
• 29:58
  easy answer. But hey, what do I know?
• 30:00
  I might just be a biased bitcoiner.
• 30:02
  I'm the crazy bitcoiner over here.
• 30:03
  But anyway, that's enough. You guys came for the price
• 30:06
  prediction. So let's get to the price
• 30:07
  predictions. Before we go on though, we got
• 30:09
  to give a shout out to our boy Anders at the Pleb Party
• 30:13
  Nashville 2024 the day before the biggest conference in the
• 30:17
  world in Nashville. Bitcoin 2024 in Nashville.
• 30:20
  It will be a 12 hour all inclusive pleb party July 25th
• 30:26
  again, guys, 12 hours of open, open bar and food for you guys.
• 30:30
  Hang out with all your favorite bitcoiners.
• 30:32
  We'll be here. The whole simply Bitcoin team
• 30:34
  will be here. Some of your favorite Bitcoin
• 30:36
  influencers will be there or just bitcoiners, however you
• 30:39
  want to call it. They're taking over an OG rustic
• 30:42
  venue in Nashville. It's going to be great.
• 30:44
  I I can't wait to hang out with everyone of you guys.
• 30:46
  It's going to be a blast. I know Anders knows how to throw
• 30:50
  a good party. He's actually very good at it
• 30:53
  anyways. We're cutting Opti off at the
• 30:55
  bar after three hours he's got Opti's got a three hour limit,
• 30:58
  everyone else has got 12 hours. But I got like a 5-6 drink limit
• 31:02
  and then I'm talking stuff off. So I'm not going to last 12
• 31:05
  hours. But let's get into a simply
• 31:08
  priced prediction for today. The Daily News.
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  more all. Right guys, of course, of
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• 32:25
  storage setups, period. Absolutely love the product,
• 32:28
  love the team. Anyways, let's get into the
• 32:30
  news. So before I get into Kiyosaki's
• 32:32
  extremely bullish prediction here, I do want to circle back
• 32:36
  to a few things we've been talking about on the show.
• 32:38
  Give it some context here, because I constantly tell you
• 32:41
  guys the same thing that I'm convinced, you know, I don't, I
• 32:44
  don't have, I don't have models. I, I don't have all the data
• 32:48
  points. I just feel it in my plums,
• 32:50
  guys. There's just a gut feeling here
• 32:52
  that I know this bull run is going to be epic.
• 32:55
  And we just had the halving and the next year, I think we're
• 32:58
  going to be pumping until probably the end of 2025.
• 33:02
  But let's just go back on the receipts and we covered this
• 33:04
  yesterday. Bitcoin coins bullish set up.
• 33:06
  Shouts out to Marty Bent and the TFTC newsletter.
• 33:09
  I'm not going to read the whole thing.
• 33:11
  I'm just going to give you, you know, the bullet points here.
• 33:13
  So what are the bullish setups for Bitcoin going into 2025, the
• 33:19
  end of 2024? Well, of course, Bitcoin on
• 33:21
  corporate treasuries. We've seen a a mass adoption on
• 33:25
  Bitcoin on corporate treasuries. And soon we're going to see even
• 33:27
  more. We're going to see even more
• 33:29
  corporations start to realize that they need Bitcoin on their
• 33:32
  balance sheet, not only just to preserve purchasing power, but
• 33:36
  to appease the shareholders out there.
• 33:38
  And then moving on. Of course, countries are
• 33:40
  dropping treasuries for hard assets.
• 33:42
  I don't know if you guys have noticed, but no one wants U.S.
• 33:45
  debt anymore. They do not want the IU from the
• 33:47
  government. And U.S.
• 33:49
  Treasuries are not the risk off asset.
• 33:52
  They're not the safe thing to be investing in.
• 33:55
  Everyone is looking for solutions and of course, we
• 33:57
  think it is Bitcoin. Of course the Bitcoin ETF
• 34:00
  success, literally the best ETF launch ever period is Bitcoin.
• 34:06
  So now everyone is starting to catch the FOMO bug.
• 34:08
  They're starting to realize, my God, Bitcoin is the best
• 34:10
  performing thing in the room and we're gonna need to adopt this.
• 34:14
  And of course, on that note, the institutional adoption, as we
• 34:17
  covered yesterday, the Wisconsin Pension Fund is starting to
• 34:22
  invest in Bitcoin. They, they just dip their toes
• 34:25
  in and shells out the winsome hacks in the chat because he
• 34:28
  dropped from the sauce up. I don't think people understand
• 34:31
  how important it is that the Wisconsin pension fund invested
• 34:35
  in Bitcoin because they are literally the most risk adverse
• 34:38
  people, period. They, they, if they lose money,
• 34:42
  they are absolutely effed. And the fact that they gave
• 34:45
  Bitcoin the nod just goes to show what we've been saying here
• 34:48
  on the show for a long time, that Bitcoin is the safest place
• 34:51
  to store your wealth. And now everyone is catching on.
• 34:55
  I think by the end of the year, we're going to see it's going to
• 34:58
  be a tsunami of funds coming to Bitcoin and then of course, the
• 35:02
  halving. Now, some people might say that
• 35:05
  the halving doesn't have an effect on the price, but
• 35:08
  historically, you know, we're still in the four year halving
• 35:11
  cycle. And even though the supply that
• 35:13
  is getting released because of the Bitcoin miners is probably a
• 35:16
  drop in the bucket, I still believe that we are going to see
• 35:20
  the halving cycle play out. And on that note, again, going
• 35:23
  back to some context here, I really love this visual.
• 35:26
  This might be one of my favorite visuals currently and it's Adam
• 35:29
  back and he goes. This is June 4th.
• 35:31
  He goes new mine Bitcoin plus 450 Bitcoin a day.
• 35:35
  The Bitcoin purchased by ETF 12,508 and Adam back goes and
• 35:41
  we're still under 100K. Something has to give and that's
• 35:44
  the point of this. I think this is the point of
• 35:46
  this conversation right now is not only is the Bitcoin network
• 35:50
  set up in such a way. Not only are we seeing all these
• 35:52
  bullish indicator setups telling us at least people that been in
• 35:56
  Bitcoin for a long time that yo, this bull run is going to get
• 35:59
  crazy and we have yet to see the FOMO retail.
• 36:02
  And I think it's just going to compound on top of each other
• 36:05
  and anyone out there that thinks that 6 figure Bitcoin is going
• 36:08
  to be a top out, you know, 100K Bitcoin to top out.
• 36:10
  It's like that's a 50% here for the rest of the year.
• 36:13
  I think we're going to be pumping all year guys.
• 36:14
  I I think we're starting to see that we are we're getting a
• 36:18
  little bubbly here. You know, once we break that 73
• 36:21
  Ki think it's off to the races and things going to get crazy.
• 36:24
  But not only is the Bitcoin network and all of the
• 36:27
  indicators in the Bitcoin world leading to the same thing that
• 36:31
  we're going to see a bullish, bullish bull run, we're seeing
• 36:36
  in the field world, people are looking for solution.
• 36:38
  They realize they can't save in treasuries.
• 36:40
  They realize you can't save dollars.
• 36:43
  And so I think we have a perfect, perfect setup or even
• 36:47
  worse that the government's out there.
• 36:50
  You know, the central bankers out there are losing control or
• 36:52
  I would say have lost control and the only thing they have to
• 36:56
  do is the gaslight us. Well, Robert Kiyosaki is saying
• 37:00
  the same thing. If you guys don't know Robert
• 37:02
  Kiyosaki, I think he is probably like the the first book everyone
• 37:06
  reads with Rich Dad, Poor dad, when they start to realize that
• 37:10
  Oh my God, I am broke. I need to figure out this money
• 37:12
  thing. Figure out how to save money
• 37:15
  when you try to learn about your finances and you try to get
• 37:18
  educated in finances. Usually for most people I know,
• 37:22
  this was my case. You start with rich Dad, poor
• 37:24
  dad, and Robert Kiyosaki. Again, maybe this is me trolling
• 37:29
  him a little bit. I think he's a classic financial
• 37:32
  doomer, so maybe we take this with a grain of salt and even he
• 37:36
  will admit to this in this post. But he is a hard money advocate
• 37:40
  and this is what we tried to show to you guys here, that the
• 37:44
  culture is waking up too. You need to have hard assets.
• 37:47
  Hard money does improve society. And he's a gold bug.
• 37:51
  So we're going to dunk on him on his gold buggery and at least
• 37:55
  he's talking about Bitcoin. But here anyways, enough
• 37:57
  contacts. Let's talk about this crazy
• 37:59
  price prediction because I think he might he's being a very, very
• 38:05
  bullish here and it might even be overly bullish speculation,
• 38:09
  but hey, let's see what he says. So actually caveat, we are going
• 38:14
  to dunk on him for you guys. So if you're in the chat saying
• 38:17
  that we're going to dunk on him very hard on this.
• 38:19
  So let me just read this tweet and then we'll go into some
• 38:21
  other metrics here. So Robert Kiyosaki on Twitter at
• 38:24
  the real Kiyosaki goes Bitcoin will be 350,000 by August 25th,
• 38:29
  2024 is not a lie. What's that?
• 38:33
  Three months or something so. Two and a 2 1/2 months there
• 38:36
  half. Month 350K absolutely.
• 38:40
  It's it's lunacy as far as I'm concerned, but here we go.
• 38:43
  It's a prediction, it's speculation, it's an opinion,
• 38:46
  but it's not a lie. It's bait, but it's not a lie
• 38:49
  because any prediction about the future is not a lie.
• 38:52
  I want $350,000 Bitcoin to be a fact and I want it to be true,
• 38:55
  but it is only a prediction. I am confident Bitcoin will hit
• 38:59
  350 K sometime in 2024, but it's only a target, a dream and A
• 39:04
  wish. And I keep buying more Bitcoin
• 39:06
  and shit coin because quite certain that their prices will
• 39:09
  continue to rise. Why am I so confident?
• 39:12
  It's because I'm certain about Bitcoin and shit coins.
• 39:14
  And his answer is no. What I am confident of, and This
• 39:17
  is why we brought this up today, what I am confident of is the
• 39:21
  incompetence of our leaders, President Biden, Treasury
• 39:24
  Secretary Yellen and Fed Chair Powell.
• 39:26
  Those three are the three stooges in real life and I am
• 39:29
  certain I am very confident about their incompetence.
• 39:32
  So take care, and I'm going to completely bash the last
• 39:36
  sentence because he's wrong on this.
• 39:39
  Just buy more Bitcoin, protect yourself from the Three Stooges.
• 39:42
  And this is what we tell you guys all the time.
• 39:45
  The powers that be have gaslight you into believing that they're
• 39:48
  competent, that they know how to manipulate the economy for your
• 39:52
  for your benefit. In reality, as bit corners, we
• 39:55
  realize that the institutions are completely illegitimate.
• 39:58
  We should not rely on a small group of people to manipulate
• 40:03
  the monetary policy of the world because in reality, all they
• 40:06
  really are doing is looking out for their own best interests and
• 40:09
  stealing wealth from you. But going further, I really love
• 40:13
  this tweet here by Charles Edwards.
• 40:15
  I highly recommend you guys follow him on Twitter.
• 40:17
  He he is a little more, you know, macro Y hedge, funny kind
• 40:21
  of guy, but he's a Bitcoin and through and through.
• 40:24
  And this is the point here. We're entering a new wave of
• 40:27
  Fiat debasement plus a new era of Bitcoin political support.
• 40:31
  It's something we've been saying here on the show for a minute.
• 40:34
  This time is different and that's why I started this with
• 40:37
  the Marty Bent newsletter because we are seeing there is
• 40:39
  multiple factors to show and and continue to double down on the
• 40:44
  idea that this time is different.
• 40:46
  And we haven't even talked about the retail FOMO.
• 40:48
  Once number starts going up, things are going to get crazy.
• 40:51
  And again, just giving you some context here guys, it's a
• 40:54
  Bitcoin against all total global assets in the world.
• 40:57
  There's $900 trillion of wealth and global assets, and Bitcoin
• 41:02
  is not even at 1.5 trillion of the total global.
• 41:06
  Well, so if you don't think that Bitcoin can make an incredible
• 41:10
  move, find the Omega candle, the God candles, you are simply just
• 41:14
  not bullish enough on Bitcoin. And this is the case that all of
• 41:19
  us Bitcoiners know. And Chris, actually you might be
• 41:21
  able to Fact Check me a little bit.
• 41:22
  I was trying to find that number where historically speaking, you
• 41:26
  know, Bitcoin makes its move in very short time frames.
• 41:30
  I think it's like 12 weeks usually that Bitcoin makes all
• 41:33
  of its incredible moves. So like you're an idiot for 30
• 41:35
  years and then for about 3 months out of the year, you're a
• 41:39
  genius. And I, I couldn't find the
• 41:40
  metrics. I forget who it was either Adam
• 41:43
  Back or Samson Mao that's been tweeting this.
• 41:44
  But this is a known meme for us Bitcoiners that you basically
• 41:48
  stack and huddle Bitcoin for an extremely long time.
• 41:51
  You build your position and then in a couple of weeks Bitcoin
• 41:54
  price is just going to go nuclear.
• 41:56
  So do I think that Robert Asaki is right in saying that 350K by
• 42:01
  August is gonna happen? I think he's a year early.
• 42:05
  I'm more convinced that August of 2025 we'll probably see some
• 42:08
  crazy movements, and probably by the end of 2025 we'll see some
• 42:12
  crazy movements. But hey, I don't I think it's
• 42:16
  out of the realm of possibility that Bitcoin can go absolutely
• 42:19
  nuclear into the six figures plus in a short, short time
• 42:22
  frame. So is this time frame off?
• 42:25
  Possibly, but we never know. There could be a Black Swan
• 42:27
  event to the upside instead of the downside like we saw in 2020
• 42:31
  and we might start going nuclear.
• 42:34
  But of course, this wouldn't be an Opti takeover of simply
• 42:37
  Bitcoin if I didn't drop a meme in here for you guys.
• 42:39
  So shoots out there the Twitter team here and they just go 500
• 42:42
  days of bull run begins. So let's look at this, we have,
• 42:47
  you know, the first bull run, 500 days of pumping and then it
• 42:50
  goes sideways and then the halving.
• 42:52
  And then we have 500 days of pumping and then it's going to
• 42:54
  go sideways and then the halving.
• 42:57
  And then we're going to have 500 more days of pumping and then
• 42:59
  the sideways and then the halving.
• 43:01
  And this is where we are guys. We are still at the halving.
• 43:04
  So if you don't think Bitcoin can make an incredible run, you
• 43:08
  simply don't understand Bitcoin yet.
• 43:10
  You aren't bullish enough. I am convinced that we are going
• 43:13
  to see Bitcoin run for the next year till the end of 2025.
• 43:17
  S IS350K out of the realm of possibility?
• 43:21
  It's most definitely not. Will that happen by August?
• 43:25
  No one knows. But hey, Robert Kiyosaki, again,
• 43:29
  a hard money advocate, yes, you can say he's a financial doomer.
• 43:32
  So he's probably a little more biased in the regards that the
• 43:35
  financial system is going to blow up.
• 43:37
  But is it out of the realm of possibility?
• 43:39
  No, it will make a run. Will we see 350K by August?
• 43:43
  I'm kind of betting that we're not, but the point remains the
• 43:48
  same. Bitcoin is going to run and you
• 43:50
  want to stack your bags now. You want to get your position.
• 43:53
  Don't take your foot off the gas because the next year is like
• 43:56
  Jack Mahler's was saying, going to be a great opportunity of
• 44:00
  transferring wealth of building generational wealth and you want
• 44:04
  to be in a position with your Bitcoin in cold storage.
• 44:07
  Anyways, I've rented enough. Let's go with uh, OK, well,
• 44:11
  Chris jumped on 1st. So Chris, what's your thoughts
• 44:13
  about this bullish opium that we're seeing today?
• 44:16
  We are simply Bitcoin, or rather simply speculation today.
• 44:19
  So Nico always says we don't speculate here, but I'm gonna,
• 44:22
  I'm gonna give you a little leeway.
• 44:24
  You can speculate a little bit here, Chris.
• 44:26
  So what's your thoughts on all this?
• 44:27
  I Why are you so bearish, Opti like I thought we had opti
• 44:31
  unleashed. All I'm hearing is bear, bear,
• 44:32
  bear, bear bear. Hold on, hold on.
• 44:34
  Two clarify we're going, you know what was I saying?
• 44:39
  Couple weeks 700K, but by August is where I'm the time frame is
• 44:43
  where I'm off here. We're we're going to the six
• 44:45
  figures. All right, all right.
• 44:47
  I'll give you that because obviously Robert Kiyosaki saying
• 44:50
  350K in basically 2 1/2 months. Jack Mallers gave a range about
• 44:55
  a week ago of 250K to a million. Samson now has been shouting a
• 44:59
  million per Bitcoin, $1,000,000 per Bitcoin for a while now.
• 45:03
  I think that the one thing that I'll say is I know Nico always
• 45:08
  brings us up like basically the 2021, 2020-2021 bull run was cut
• 45:12
  short, obviously with China banning Bitcoin mining.
• 45:16
  Basically we saw the deflation of the price because a lot of
• 45:18
  Chinese miners had to sell the Bitcoin in order to move their
• 45:21
  operations out of China out of threat of repercussion from the
• 45:24
  Chinese government. Then we saw like a double top
• 45:26
  basically with FTX and a lot of Sam Bakeman Freed's fraud of
• 45:30
  inflating the price. So I definitely think we did not
• 45:32
  have a better bull run or a higher bull run last, last bull
• 45:36
  market, probably for the better to be honest, help people stay
• 45:38
  more humble stack SATS. But that aside, we've seen this
• 45:42
  has been setting up for the craziest bull run one ever.
• 45:45
  What do I mean by that? For the first time in bitcoins
• 45:47
  history, we saw Bitcoin reach its all time high prior to the
• 45:50
  happening. I said that I'll say that again.
• 45:52
  Bitcoin reaches prior all time highs high of 73 K, breaking its
• 45:56
  all time high of 69 K going into the having, which we have never
• 46:00
  had happen before. We've seen a little bit of a
• 46:02
  consolidation come down. We're still some hovering AT70K
• 46:06
  post having, but most times we're not even hitting the all
• 46:08
  time high to six to 18 months before the having.
• 46:11
  Not only do we break a high prior to the having we're
• 46:13
  hovering just below the all time high right now and we haven't
• 46:17
  even begun the real bull run as well as we're seeing all these
• 46:20
  bullish indicators. We're seeing pension funds go
• 46:22
  into it. We're seeing obviously the the
• 46:25
  approval of the Bitcoin spot ETF.
• 46:26
  It's been about six months. So we're gonna see the 2nd wave
• 46:30
  of hedge funds, institutions and all of that cut that wanted to
• 46:33
  see data on the ETFs the 1st 69 and 12 months.
• 46:37
  So we're just we're just getting to about the six month mark in a
• 46:40
  few weeks here. So I think, you know, we're,
• 46:43
  it's like the spring is being compressed and when it's
• 46:45
  released Opti, it's going to be nuts.
• 46:47
  I'm not going to say I agree with Robert Kiyosaki that we're
• 46:50
  going to hit 350K in 2 1/2 months, but it is in the cards
• 46:54
  and it could potentially happen. And it's a caveat.
• 46:57
  Also his price prediction, 350K from 70K, let's just call it
• 47:01
  right there is a 5X in price. We've seen the bitcoins price
• 47:04
  history. Obviously it'd be closer to the
• 47:06
  earlier days, but we've seen bitcoins price, you know, 10X
• 47:09
  from its previous all time high. So 5X being 50% lower than that
• 47:13
  is definitely doable and it's definitely possible.
• 47:16
  Yeah, I think that I'll just leave it at that.
• 47:18
  So I'm not going to give a price prediction, but I am seeing all
• 47:20
  the bullish indicators and I'm excited for the next leg up.
• 47:23
  So let's get. I do want to ask you a question,
• 47:26
  but I also want to troll Kiyosaki a little bit.
• 47:28
  If he says Bitcoin is going to 350K by August, then you know
• 47:32
  his target is $1 million Bitcoin by the end of 2025.
• 47:36
  S bullish by Robert Kiyosaki. But anyways, Chris, we, we have
• 47:41
  been talking about the ETFs a lot and we're seeing in the chat
• 47:43
  a lot of people asking, you know, the the very simple
• 47:46
  question, if the ETFs are buying this much Bitcoin, how come the
• 47:49
  price isn't going up? What would be your response to
• 47:51
  that, Chris? Yeah.
• 47:53
  So I mean, this is speculation, so I'll just go off this, but I
• 47:56
  assume we've kind of seen the Bitcoin miners had a very
• 47:59
  successful run up to or they had a horrible like 18 months to two
• 48:04
  years leading up to the halving The Bitcoin, the hash price was
• 48:08
  running away, meaning the hash rate was running way faster than
• 48:12
  Bitcoin's price appreciation. Obviously, we saw Bitcoin's
• 48:14
  price at 16 K while the Bitcoin's hash rate was up like
• 48:17
  six or seven times from its previous all time high and hash
• 48:21
  rate. So basically the Bitcoin miners
• 48:22
  had the hardest bear market we've ever seen in bitcoins
• 48:25
  history comparative to comparing hash rate to price relative of
• 48:28
  Bitcoin. With that being said, we've now
• 48:30
  finally seen at the halving, you know, we don't need to get into
• 48:34
  the shit coin ramp at all, but basically like runes or
• 48:37
  inscriptions were going nuts. We saw the Bitcoin having block
• 48:40
  or you know block 840,000. I think the reward was 3.125
• 48:45
  Bitcoin, which you knew about for the subsidy, but then there
• 48:47
  was 37 Bitcoin in that block as people were trying to get in
• 48:50
  their runes and inscription data in there.
• 48:52
  We've seen that high off now fees have come well debt well
• 48:55
  down from where they were at post having for those couple
• 48:57
  weeks. But now we're finally starting
• 48:59
  to see hash rate go the other direction, meaning that as price
• 49:02
  has gone up enough, well, hash rate has gone or has kept going
• 49:06
  up. But basically as we've seen the
• 49:07
  fees start to descend down, Bitcoin miners are finally
• 49:10
  seeing the cell pressure that they're needed to take their S
• 49:13
  nines S11S13 even all the way up to S-17 basically offline.
• 49:18
  So basically the hash price or the the price that's required of
• 49:21
  electricity cost in order to make profitable mining of
• 49:24
  Bitcoin is obviously much higher or lower than it was, meaning
• 49:28
  that you need much lower electricity costs in order to
• 49:31
  make your operation profitable. So I think we're kind of seeing
• 49:34
  to head like while the ETFs are buying, we're seeing the cell
• 49:36
  pressure from miners, which we've seen historically after
• 49:39
  like, you know, after leading up to having once your subsidy or
• 49:42
  your is cut in half, obviously they're seeing the their subsidy
• 49:46
  get cut in 50%. So miners start to see cell
• 49:48
  pressure, we start to see hash rate come offline that they
• 49:51
  can't keep their older machines online and profitable.
• 49:53
  And then basically after it consolidated for six months, 6
• 49:56
  to 12 months basically that's when we start to see the next
• 49:59
  bull run rip And as old machines will start to come back online
• 50:02
  as the USD price starts to skyrocket as it follows like
• 50:07
  follows the price of basically Bitcoin basically.
• 50:10
  See, This is why we bring Chris on, so he could give us the
• 50:13
  right side of the bell curve explanations of what's going on.
• 50:16
  I always just say, hey, apparently more people are
• 50:19
  selling than buying, guys, we just need more people buying
• 50:21
  Bitcoin. That's why you need to go out
• 50:23
  there and meme about Bitcoin because they still don't get it.
• 50:27
  Anyways, before I go to our guest though, we did get a super
• 50:29
  chat. Thank you, Mikkel.
• 50:31
  He gave us super chat of five U.S. dollars and he wants us to
• 50:35
  speculate more. So what month in late 2025,
• 50:39
  early 2026 do you think we will start dipping again?
• 50:42
  No price predictions, just a month.
• 50:44
  You all think we will dip again? Caveat here, no one knows, but
• 50:50
  historically it's a year to 18 months after the halving.
• 50:54
  So that would leave us roughly around what like September,
• 50:59
  October of 2025 ish. So who knows.
• 51:02
  But that's probably the that'd be a good, a good place to to
• 51:07
  consider a blow off top if we do get a blow off top this time
• 51:09
  around. Anyways, let's go to our guest,
• 51:11
  Kamal. I'll start with you, considering
• 51:15
  that you you do work with Galoy, you do work with building out
• 51:17
  infrastructure, at least a company that is building out
• 51:20
  infrastructure. So I know the price predictions
• 51:22
  are probably like tiresome at this point.
• 51:23
  You're like, I just want people to use it.
• 51:25
  We're trying to build this stuff out.
• 51:27
  So what's your thoughts on all this crazy stuff?
• 51:29
  Is is Robert Kiyosaki smoking the opium?
• 51:33
  I mean, I think he is just trying to bait people to make a
• 51:36
  point with a price prediction. I think what he says about the
• 51:41
  political elite that is governing us and how responsible
• 51:45
  they've been, I think he's spot on.
• 51:47
  And it's good to that. Yeah, people like him say it out
• 51:52
  loud to their audiences and express it basically in
• 51:55
  extremely bullish bets about the future Bitcoin price
• 52:00
  appreciation in terms of, yeah, I mean, where, where is the
• 52:05
  journey going towards in terms of appreciation?
• 52:07
  I know, I don't know. I mean, anybody who says they
• 52:10
  know is a scammer, that's for sure, because nobody knows
• 52:13
  what's going to happen. But if you look back at the last
• 52:16
  cycle, like there were, there were a lot of systemic problems
• 52:21
  in the ecosystem and we're seeing them actually again,
• 52:24
  coming in actually amplified. So we know that FTX was selling
• 52:30
  or collecting money and, and putting numbers onto people's
• 52:34
  accounts without having the Bitcoin.
• 52:36
  They were suppressing the price of Bitcoin by selling paper
• 52:41
  Bitcoin. And now we have and they blew up
• 52:46
  and, and that's how we found out, right?
• 52:49
  So you would expect that the ecosystem has learnt and adjusts
• 52:53
  their behaviour. But now since earlier this year,
• 52:56
  we have ETFs, 11 I think, but only one of them actually like
• 53:02
  we can verify that they have the Bitcoin that they say they have
• 53:06
  in their daily reportings. And that's bit wise.
• 53:08
  It's unfortunately not the number one ETF out there, far
• 53:12
  from it. It's one of the smaller ones,
• 53:14
  but it's the only one that is Hosicki.
• 53:16
  Hosicki is like doing proof of reserves verification.
• 53:19
  And in the case of ETFs, it's pretty easy to do because they
• 53:23
  have to basically say at the end of the day, how much money they
• 53:26
  got in. And then we want they can show
• 53:29
  by showing the address where the Bitcoin is for everyone to prove
• 53:32
  that that Bitcoin is actually there.
• 53:34
  And Bitwise is the only one that is doing that.
• 53:37
  None of the other Atfs is doing it.
• 53:39
  So I'm very, it's a little bit disturbing, you know, like I'd
• 53:44
  be expecting the market to now after this FTX paper Bitcoin
• 53:48
  debacle to really prefer those actors that are proving and
• 53:54
  being responsible and proving that they're being responsible
• 53:57
  and, and having the Bitcoin that they say they have and, and
• 54:01
  doing it in a beautiful way that you can only do with Bitcoin,
• 54:04
  right. So, yeah, I, I'd like to see
• 54:08
  like behavior change, but we're not seeing that.
• 54:11
  So probably there's going to be a lot more directing coming up
• 54:16
  sometime in the future, you know, until like market
• 54:19
  participants wise up and and really choose the custodians if
• 54:24
  they have to that are actually like probably doing what they
• 54:30
  should be doing and, and showing it and being auditable.
• 54:35
  So I'm I'm a little bit skeptical with all of that and
• 54:39
  worried about this because I'm not seeing that we have wised up
• 54:43
  to a degree that we actually deserve 1,000,000 Bitcoin in in
• 54:48
  the future. Yeah, Well, I think we're we're
• 54:51
  starting to enter the Max degen phase, not just in the Bitcoin
• 54:54
  ecosystem, but in like the world ecosystem.
• 54:57
  And to your point, the fact that what 10 out of the 11 ETFs in
• 55:03
  the US all are using Coinbase to custody their coins or quote UN
• 55:06
  quote custody their coins. We might even get a bigger rug
• 55:09
  pull than the FTX one. We don't wish that on the
• 55:12
  market, but man, who knows what Coinbase is doing over there.
• 55:15
  Anyways, let's go to Charlie. I'm going to ask you two
• 55:18
  questions, Charlie. First is what's your thoughts on
• 55:21
  the price speculation that Kiyosaki is saying?
• 55:24
  And do you think these types of price speculations hurt people
• 55:29
  that get into Bitcoin? Good, good questions.
• 55:33
  OK. First thing, the price
• 55:36
  prediction, Kamal hit it on the head.
• 55:38
  Do you know the central banks give inflation predictions?
• 55:41
  We all are, you know, we all make our reality by what we
• 55:45
  focus on. So if we're focusing on a
• 55:46
  certain price, uh, sometimes this just creates that price.
• 55:50
  Like it's a self reinforcing, uh, affirmation.
• 55:53
  That's that's one thing. So I understand where he's
• 55:55
  coming from. You have other umm, celebrities
• 55:58
  or influencers like Max who also uses this tactic and yeah, I
• 56:02
  think I don't think it, it hurts in the long term.
• 56:06
  I definitely think it can hurt in the short term.
• 56:08
  You see a lot of people here in El Salvador kind of became aware
• 56:12
  of it when it was around the 40K range going up to 60 K and then
• 56:16
  it slumped down to 18. So, you know, it can, if people
• 56:19
  don't understand the fundamental philosophy behind Bitcoin, it's
• 56:22
  very hard for people to to hold on to an asset that's reducing
• 56:26
  by 78% on like a drop of a hat. So, so yeah, obviously over the
• 56:32
  long run it gets more people in, it gets more people interested
• 56:34
  reading up, but there's a lot of people who get burnt as well.
• 56:38
  At the same time, I think it's important that we all break this
• 56:41
  down to first principles as to what does price really mean and
• 56:44
  where do we get our prices from? Prices are just a an average of
• 56:49
  different exchanges across the globe, right?
• 56:51
  And then those exchanges you've got buyers and sellers and the
• 56:54
  last buyer and seller that meet that reaches the price.
• 56:57
  So it depends on the supply of Bitcoin that's available on that
• 57:00
  exchange. Uh and then the amount of dollar
• 57:03
  that are that are bidden for that particular Bitcoin.
• 57:05
  So there's two sides to the Bitcoin price.
• 57:08
  It's the amount of dollars that are in the hands of individuals
• 57:10
  across the globe and also the amount of supply that's been put
• 57:13
  on these exchanges where the price derives from.
• 57:17
  So we know that as the world financial system fractures and
• 57:22
  different entities like Russia or different countries don't
• 57:25
  want to partake in inside of the dollar rails, they're going to
• 57:28
  want to transact in different forms.
• 57:30
  So whether that's gold, which I don't think is very practical,
• 57:33
  but I think other nation states, other powers are going to want
• 57:36
  to use different mediums of exchange.
• 57:38
  And they'll start to realize that Bitcoin is by far the best
• 57:41
  way to be able to exchange for goods and services.
• 57:44
  And most countries are saving in a lot of US sovereign debt as
• 57:48
  their long term holding capacity.
• 57:50
  I mean, the Irish Central Bank, for example, holds like most of
• 57:54
  it in these these IMF special drawing rights, right?
• 57:57
  You know, the central bank holds a huge percentage.
• 58:00
  And these are just an amalgamation of all the
• 58:02
  different currencies. These countries will realize
• 58:05
  that they have to shift, they have to shift over to Bitcoin to
• 58:08
  be able to transact with other countries for their goods and
• 58:11
  services. So I think, I think the price
• 58:14
  predictions could be an underestimation.
• 58:17
  I think as as wars keep going, you you need to tape over all of
• 58:23
  this with more dollars. And as it fractures, an
• 58:26
  exponential amount of more dollars are going to get into
• 58:29
  the hands of individuals. But it's really important that
• 58:31
  people take their Bitcoin outside of the exchanges just to
• 58:34
  keep them honest and making sure that they do have the Bitcoin
• 58:38
  that they say that they they do. Bars, absolute bars.
• 58:42
  Couldn't have said it better myself.
• 58:43
  All right guys, there is over 1200 of you guys watching.
• 58:47
  If you love the content like share, subscribe, all that good
• 58:49
  stuff, let's make sure more people hear this signal.
• 58:53
  That's the whole point of doing this.
• 58:54
  More people need to wake up. Anyways, before we go into the
• 58:57
  culture, we do have to give a shout out to our sponsor, the
• 59:00
  orange pill app Stack Friends who stack sats.
• 59:02
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• 59:07
  using the word, but the new elite.
• 59:08
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  Bitcoiners on Twitter, you know on YouTube, but when you
• 59:19
  interact with people in meet space it it's totally different.
• 59:23
  You you actually build, I think long lasting friendships.
• 59:26
  Maybe you know, maybe you build family relationships there.
• 59:30
  I don't know, but if you're traveling to a new area, you can
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  see if there's bitcoins around you.
• 59:35
  So download the Orange Pill app, guys, get on there.
• 59:38
  There is a simply Bitcoin group there.
• 59:40
  So if you want to, you know, you want to chat with us, go hang
• 59:43
  out in there, but get on the Orange Pill app and we'll see
• 59:46
  you on the other side. All right, let's get into the
• 59:48
  daily culture, guys. The daily culture.
• 59:58
  Kaboom racks. Go to kaboomracks.com guys.
• 1:00:05
  It's the best place to buy mining equipment, sell mining
• 1:00:09
  equipment and host your miners as well.
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  And they have a special sale going on on their site right
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  now. You can host an S19K Pro 120
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  This is this is not a, you know, a cloud mining contract.
• 1:00:32
  It is your ASIC and it will be online immediately.
• 1:00:37
  So if you've been wanting to get into Bitcoin mining, get in
• 1:00:39
  touch with the Kaboom racks guys, even if it's just to talk
• 1:00:41
  about it. They're probably one of the best
• 1:00:43
  teams out there. They'll tell you everything
• 1:00:45
  going on in the space, whether it's a good idea, whether you
• 1:00:47
  should do it, or whether you should just be stacking sats
• 1:00:50
  directly. They will hold your hand
• 1:00:52
  throughout the process. Go to kaboomracks.com.
• 1:00:56
  All right, guys, Well, I'm super excited for this one today
• 1:01:00
  because we got someone down there in El Salvador AKA Charlie
• 1:01:07
  here in Berlin and he's living on the Bitcoin standard.
• 1:01:11
  And Kamal brought us up actually here, let me pull this down and
• 1:01:14
  and we'll have a more of a conversation To start off with.
• 1:01:17
  Kamal really wanted to angle today's culture on the theme of
• 1:01:21
  Bitcoin as a medium of exchange. And of course, you know, we're
• 1:01:25
  talking about it as a store of value.
• 1:01:27
  We're speculating on the price. But that's why I wanted to bring
• 1:01:29
  on the Jack Mahler's clip in the beginning about the great wealth
• 1:01:32
  transfer that we're seeing about the importance of the Bitcoin
• 1:01:35
  price. You know, it gives good context
• 1:01:37
  to everything here. But I love when Kamal came on.
• 1:01:40
  He's like, look, I want to talk about Bitcoin as a medium of
• 1:01:42
  exchange and that is super important here.
• 1:01:45
  And This is why he brought on Charlie as well because he's
• 1:01:47
  living it right now in Berlin, El Salvador.
• 1:01:50
  So Kamal, let's start with you. Why is continuing to educate
• 1:01:55
  people as Bitcoin as a medium of exchange so important to you?
• 1:02:02
  Yeah, I think it's my what, what I think is the personal, what
• 1:02:06
  personally think is the goal of Bitcoin, which is the separation
• 1:02:09
  of money and state getting, Yeah, freeing ourselves from the
• 1:02:14
  enslavement of the monetary demons, as you called them.
• 1:02:17
  And the only way to do that is to stop using their money for
• 1:02:21
  transactions, not just for storing our wealth, but for
• 1:02:24
  day-to-day transactions like we have to opt out of Fiat.
• 1:02:28
  And in order to do that, we have to use Bitcoin for our
• 1:02:32
  transactions, for our payments, for our salaries, for our
• 1:02:35
  payroll, for anything, you know, just superpower the Internet
• 1:02:42
  with micro payments, all the good stuff.
• 1:02:45
  And we have to do it with Bitcoin because the future of
• 1:02:50
  money is digital. And as you know, there is only
• 1:02:54
  two ways it can go, right? Like either it's going to be
• 1:02:58
  like the totally cocked CBDC route that seriously, I don't
• 1:03:04
  want to live my see my children living up in, or it's going to
• 1:03:08
  be the Bitcoin way. And yeah, we have to get Bitcoin
• 1:03:12
  ready. And there is, and and that takes
• 1:03:16
  a lot of things, right? It has, it is an effort on a
• 1:03:19
  huge spectrum of requirements that we have to fulfil to make
• 1:03:24
  it work for 8 billion people, because this is what we need to
• 1:03:29
  achieve, ideally at least, like we're slowly but surely getting
• 1:03:35
  there. We're not anywhere near 8
• 1:03:38
  billion, of course, and it's going to take some time, but I
• 1:03:43
  think Bitcoin needs to be able to work for at some point in the
• 1:03:48
  future. And, and we can start with that.
• 1:03:51
  Actually, we have to start with that today.
• 1:03:54
  And, and people have started with it even before.
• 1:03:58
  Like I'm wearing this shirt here from bit from Ironham.
• 1:04:01
  It's Bitcoin, Ironham City. They started using Bitcoin as a
• 1:04:05
  medium of exchange in 2014. Can you imagine that?
• 1:04:09
  It's it's we just celebrated 10 years of merchants accepting
• 1:04:13
  Bitcoin for payments and I went there and people are just
• 1:04:16
  accepting it like it's just another payment method like it
• 1:04:20
  should be as it should be. It was frankly amazing to see
• 1:04:25
  obviously in Berlin, in El Salvador, in Bitcoin beach,
• 1:04:29
  Bitcoin has went there and just started to use Bitcoin just
• 1:04:31
  opted out, not necessarily because they didn't like Fiat,
• 1:04:36
  but Fiat didn't work for them. And so they had to really
• 1:04:39
  embrace Bitcoin. And their president saw that it
• 1:04:43
  works even for the illiterate parts of the population.
• 1:04:46
  So it can work for 7 million Salvadorans, he thought.
• 1:04:50
  And he made it happen. And, and look what's happening
• 1:04:52
  in El Salvador now. Like, if you start really
• 1:04:56
  banking on Bitcoin and going the right way, like good things
• 1:04:59
  happen. And who hasn't?
• 1:05:03
  Whoever hasn't seen the interview with Tucker Carlson
• 1:05:08
  that he just did after his inauguration?
• 1:05:11
  Like, go check it out. Like this is not necessarily
• 1:05:15
  only the result of Bitcoin, but if you have a trajectory like
• 1:05:18
  that, Bitcoin is a part of that. And El Salvador is, yeah, like
• 1:05:24
  it's a bumpy road and to, to really adopting Bitcoin, but
• 1:05:29
  people are doing it. Like Charlie might be talking
• 1:05:32
  about it a little bit in a while.
• 1:05:35
  I, I, I'm communicating with folks in, in Berlin closely,
• 1:05:39
  working together with a couple of folks and they're telling me
• 1:05:42
  Kamal, I'm doing 99% of my transactions in Bitcoin.
• 1:05:45
  I say, what's the 1%? And he said, shout out to Andre
• 1:05:50
  by the way, he said fresh fish, you know, and I, he's the, he's
• 1:05:55
  the only one who likes fresh fish And, and I have to go and
• 1:05:58
  buy Fiat from, from the merchants to, to pay him and get
• 1:06:02
  fresh fish because I really like it.
• 1:06:03
  And he's the only one. And he's so stubborn he, he
• 1:06:06
  won't accept it. He's the old guy, you know.
• 1:06:09
  But yeah, I mean, back to the topic, I mean, medium of
• 1:06:13
  exchange. I understand in United States,
• 1:06:16
  it's a delicate topic for many reasons.
• 1:06:20
  United States dollar is a reserve currency.
• 1:06:23
  The extraordinary privilege, as Charles de Gauls called it in
• 1:06:28
  the 70s, I think, that the United States had and have been
• 1:06:32
  abusing to the detriment of everybody who is not US.
• 1:06:38
  Everybody got basically was robbed by by the Federal
• 1:06:41
  Reserve. And yeah, I think like, and,
• 1:06:46
  and, and there's that taxable event story, you know, like it's
• 1:06:50
  not really practical from an IRS perspective, you know, that you
• 1:06:55
  use it as a medium of exchange because, yeah, it's a lot of
• 1:06:59
  work to, to, for your accountants and will probably
• 1:07:02
  cost you extra money for what? Like you have excellent payment
• 1:07:06
  infrastructure in the United States.
• 1:07:08
  So there is no pressing need really as a medium of exchange
• 1:07:12
  for Bitcoin. And there are like regulatory
• 1:07:15
  hurdles and tax problems that are waiting for you.
• 1:07:19
  So the United States probably is not going to be like ahead of
• 1:07:23
  the curve in terms of adopting Bitcoin as a medium of exchange
• 1:07:27
  for aforementioned reasons. But in many places around the
• 1:07:30
  world, there is a pressing need to use Bitcoin and people are
• 1:07:33
  embracing it and it's working for them because the technology
• 1:07:37
  is getting to a place now where it really is on par, if not even
• 1:07:42
  better than Fiat, traditional Fiat payment alternatives.
• 1:07:46
  And, and this is really important.
• 1:07:48
  We, we have it, we have that level of convenience and
• 1:07:51
  reliability achieved now, especially with custodial
• 1:07:54
  solutions. And I hope we will also get
• 1:07:57
  there soon with self custodial solutions and as people learn
• 1:08:01
  more about Bitcoin and and self sovereignty and responsibility.
• 1:08:08
  Yeah, I'm I'm quite bullish on on Bitcoin as a minimum of
• 1:08:12
  exchange. Love it, man, love it.
• 1:08:14
  OK, on that note, we have Charlie on the ground in Berlin,
• 1:08:18
  El Salvador. So maybe tell the people of
• 1:08:21
  everything going on in the circular economy and, and all
• 1:08:24
  the things you've experienced and your thoughts on a what
• 1:08:27
  Kamal was saying. Sure.
• 1:08:30
  OK, well, back again. I think it's important with this
• 1:08:33
  argument, it's, it's quite easy to dis validate if we just think
• 1:08:37
  it through. OK, so store value first, first
• 1:08:40
  step, second step, medium of exchange.
• 1:08:42
  What does exchange mean for us, for humans?
• 1:08:46
  And why is exchange so important for our evolution?
• 1:08:49
  When I was in India, I remember seeing the sculptures and the
• 1:08:51
  paintings of the gods, old Hindu gods, and these were painted
• 1:08:54
  thousands of years ago where there was one hand up like that
• 1:08:57
  and one hand given out like that, symbolising exchange as
• 1:09:00
  being the base of, of, of, of, of humanity.
• 1:09:03
  And why? Why is it so important?
• 1:09:05
  Well, you only go into a voluntary exchange if you think
• 1:09:09
  that what you're going to get from someone else is better than
• 1:09:11
  what you're giving away. And when we think about money,
• 1:09:14
  money ends up emerging when the most sellable element ends up
• 1:09:19
  becoming that money. So it's what everybody is
• 1:09:22
  willing to trade their goods for, which they know that
• 1:09:24
  they'll get something more for in, in in the future.
• 1:09:28
  So when we are making an exchange and we're like, the
• 1:09:31
  money is the second side of every single exchange and we are
• 1:09:35
  using a dollar, we are using a corrupted money that does not
• 1:09:39
  represent the value that it says it does, right?
• 1:09:41
  Essentially. So every single exchange that we
• 1:09:43
  do, every single individual that exchanges with another
• 1:09:46
  individual is basically exchanging corruption and lies
• 1:09:50
  for those goods and services. Okay, So no matter what you're
• 1:09:54
  holding, when you are acting that instance by which you make
• 1:09:57
  that exchange, you are actually propagating lies.
• 1:10:01
  You are propagating corruption and you're propagating something
• 1:10:04
  that is anti uh, anti human, anti God, in my opinion uh so so
• 1:10:09
  to actually use uh, something that is direct truth that is
• 1:10:13
  direct umm, you know life to be able to exchange that for goods
• 1:10:17
  and services, services actually purifies, umm, purifies society,
• 1:10:22
  purifies who we are and uh and that's why I think that medium
• 1:10:26
  of exchange and using Bitcoin, this total truth to change goods
• 1:10:30
  and services is essential. And I think this mission is
• 1:10:33
  something that every single bitcoiners should be placing
• 1:10:36
  their attention on, even though obviously store value is, you
• 1:10:39
  know, extremely important and you to be able to purchase
• 1:10:42
  things in the future is important, but do not
• 1:10:44
  underestimate the conditions by which you live in And the, the
• 1:10:47
  friction is going to be there because it's a direct threat to
• 1:10:51
  the uh, state issued currency with whatever jurisdiction that
• 1:10:54
  you reside in. So whether you're in the States,
• 1:10:56
  whether you're in Europe and China and Russia, whether you're
• 1:10:59
  in Australia, they're not going to make it easy for you to use
• 1:11:02
  this as the exchange because it's going to allow them to lose
• 1:11:05
  power. So here, thank God, El Salvador
• 1:11:09
  is the 1st and pretty much the only country where Bitcoin is
• 1:11:13
  used as money. And you can already see that
• 1:11:15
  purification process happen from the ground up.
• 1:11:18
  You can see that individuals who are starting to to use this
• 1:11:23
  money are seeing, well, an increase in sales.
• 1:11:25
  First of all, because Bitcoiners love to go where they can use
• 1:11:28
  their Bitcoin for goods and services.
• 1:11:30
  So straight away they're increasing their sales because
• 1:11:33
  they're increasing their sales. If they keep their costs in the
• 1:11:36
  in the same range, they have savings.
• 1:11:39
  If they have some what some sort of education of knowing that
• 1:11:43
  saving is good for their long term and for their kids and for
• 1:11:46
  their grandkids, they'll start putting some Bitcoin away.
• 1:11:49
  So, so yeah, in here in Berlin right now, you have over 140
• 1:11:55
  merchants that are using Bitcoin for their goods and services.
• 1:11:58
  The aim is to get over well over 300, but parallel to that
• 1:12:02
  there's some really good education that's happening as
• 1:12:04
  well. People understanding, I suppose,
• 1:12:08
  what what money is and the the effects of inflation and what
• 1:12:13
  happens when you go into further debt.
• 1:12:15
  Because people are living day-to-day, they don't usually
• 1:12:18
  have that much leftover at the end of the month around here.
• 1:12:20
  So people tend to go into debt, right.
• 1:12:22
  So as people go into debt, they need to be able to take out
• 1:12:25
  loans. The cost of capital increases as
• 1:12:28
  you go further away from the spigot of the state's dollar.
• 1:12:31
  So you're talking about interest rates of close to 20% per month
• 1:12:36
  here in El Salvador. So someone doesn't have as many
• 1:12:39
  save is not making that much money, has to go into debt, then
• 1:12:43
  they go into debt and then every single month they're paying out
• 1:12:46
  around 20% on interest. So nobody can actually build up
• 1:12:50
  any capital and actually save some time to be able to spend
• 1:12:54
  doing the things that means the most to them to allow them to
• 1:12:57
  actually figure out who they are and what they're meant to do in
• 1:13:00
  this world. So it's actually preventing us
• 1:13:01
  from figuring who we are. It's, it's, it's creating really
• 1:13:05
  misaligned incentives. It's bringing us away from our
• 1:13:07
  true nature of our true reality. And, and people are just blind
• 1:13:11
  to it because they're so distracted with like what's
• 1:13:13
  happening, Like, you know, how can I feel a little bit better
• 1:13:15
  about myself? Or how can I uh, do this person
• 1:13:19
  over and uh, you can, you can see the values degrade as, as
• 1:13:23
  the, as the, as the money degrades.
• 1:13:25
  So I think, I think we all need to step back, have a bit of
• 1:13:28
  reflection and go back to like the Tres test and try principles
• 1:13:32
  that have allowed us to succeed as a society, Uh, which have are
• 1:13:35
  written in texts that have lasted thousands of years and
• 1:13:38
  then use Bitcoin as their medium of exchange and as a store of
• 1:13:41
  value. And as we progress, start using
• 1:13:43
  as a unit of account. Whenever you buy things, take
• 1:13:46
  note of how many stats that cost.
• 1:13:48
  Take note. And when you're trying to price
• 1:13:50
  something, price it and SAT see how it goes.
• 1:13:53
  So this, this is how we're going.
• 1:13:55
  This is how we're going to evolve.
• 1:13:56
  This is how we get hyper bitcoinized world and this is
• 1:13:58
  how we get truth into the world. That's called motherfucking
• 1:14:07
  bars. Let's go.
• 1:14:08
  I love this topic. I love this topic, but I do have
• 1:14:10
  to pivot a little bit 'cause I know you guys wanted to talk
• 1:14:12
  about adopting Bitcoin. So I'll give the floor.
• 1:14:15
  I don't know if Charlie, if you want to take it, but I'm over
• 1:14:18
  here on adoptingbitcoin.org. You guys, I think you know,
• 1:14:23
  broke the Internet last year with the first conference.
• 1:14:26
  You guys are gonna do it again in November if I am correct.
• 1:14:29
  And you guys are going global. So let's talk adopting Bitcoin.
• 1:14:32
  And then I do want to let Kamal do a little sneak peek of of
• 1:14:38
  that cool project you guys were talking about.
• 1:14:39
  And so I'll give Charlie, you get the floor here.
• 1:14:42
  Let's talk about adopting Bitcoin and then we'll wrap up
• 1:14:45
  the show with a cool live demo with Kamal.
• 1:14:48
  So, Charlie, the floor is yours. Thank you.
• 1:14:52
  Kemal is the brains behind adopting Bitcoin, the creator,
• 1:14:55
  the father, and he's overseeing adopting Bitcoin in different
• 1:15:00
  entities in South Africa, in in Holland, in Arnhem and in El
• 1:15:06
  Salvador. So it's the fourth year running
• 1:15:09
  and it's just been building from strength to strength.
• 1:15:12
  Adopting Bitcoin is for builders, people who are
• 1:15:14
  building on top of Bitcoin and it's known for its high signal
• 1:15:18
  and that that term is thrown out a lot.
• 1:15:20
  But it's people who've genuinely putting on putting in the work
• 1:15:23
  to be able to use Bitcoin as money.
• 1:15:26
  It's a, it's a, it's a really good opportunity to come to El
• 1:15:29
  Salvador and see what's actually going on.
• 1:15:31
  How are people using Bitcoin? But also to be able to talk to
• 1:15:34
  the individuals who are building the tools, who are, who are
• 1:15:38
  trial and erroring Bitcoin as money, right?
• 1:15:41
  So that's, that's a huge opportunity.
• 1:15:43
  This year. It's in a different venue, I'd
• 1:15:46
  say the best venue in the whole country to hold a conference
• 1:15:49
  called Salamanca Events. And there's just a new
• 1:15:53
  reinvigorated energy into this and a really strong team behind
• 1:15:56
  it. And I, I just have to thank
• 1:15:59
  Kamal for, for, for being so organized, for having such a
• 1:16:02
  clear vision, uh, for what the conference is.
• 1:16:05
  And I think that these are the ingredients that allow for
• 1:16:08
  people to have quality time at this conference.
• 1:16:11
  So yeah, so 15th and 16th of November is the conference.
• 1:16:15
  There's going to be a film fest the day before, right?
• 1:16:18
  15th and 16th is the conference, and there's going to be a
• 1:16:20
  barrage of side events around there.
• 1:16:22
  So if you're going to come over to El Salvador, I'd recommend
• 1:16:25
  for you to come over for more than just a few days, come over
• 1:16:29
  for a week, maybe two weeks, because there's going to be a
• 1:16:31
  load of events on and they're all going to be Bitcoin related.
• 1:16:34
  And yeah, so adopting Bitcoin, I mean, it focuses both on the
• 1:16:40
  networking side of things because you get to meet all of
• 1:16:42
  these amazing people, but also the technical side.
• 1:16:45
  So there's two main stages. There's going to be the uh, the
• 1:16:48
  workshops as well, where you're going to have developers and
• 1:16:52
  people who have gone through uh are building products and being
• 1:16:56
  able to get into the nitty and gritty of how Bitcoin works and
• 1:16:59
  lightning. So I'd highly recommend if
• 1:17:00
  you're a technically sighted person to come check it out and
• 1:17:05
  there is a a lot of individuals who are just coming into Bitcoin
• 1:17:10
  in El Salvador who are discovering it as money in a
• 1:17:12
  whole different way that maybe a lot of us are not used to.
• 1:17:16
  So it's it's a, it's a really cool melting pot.
• 1:17:19
  There are two different tier tickets uh, principally there's
• 1:17:23
  the there's the the standard ticket where you get to come in,
• 1:17:26
  you get to see all of the talks go into the exhibitions, be able
• 1:17:30
  to meet all of the bitcoiners. There was over 1100 uh
• 1:17:33
  participants last year. We're expecting around the same
• 1:17:36
  or even more this year, but there's also the privileged
• 1:17:38
  access ticket, which this allows you to be able to uh set up at
• 1:17:42
  the mezzanine, which gives you a great view from the mainstage,
• 1:17:45
  but umm. It also means you get to speak
• 1:17:48
  uh. You get to talk with all the
• 1:17:49
  speakers, the sponsors and you also get a free ticket to the
• 1:17:53
  film fest the day before. So if it's within your price
• 1:17:56
  range, I highly recommend you, you, you get that because it, it
• 1:17:59
  just leads to a high quality experience.
• 1:18:01
  Uh. It's by far the, the biggest
• 1:18:03
  conference in El Salvador and I think the fact that El Salvador
• 1:18:06
  has Bitcoin is money means that it's a very unique conference
• 1:18:10
  within the world. So if you want a unique
• 1:18:12
  experience, if you want to see Bitcoin in a different light,
• 1:18:15
  I'd highly, highly recommend booking your flights, getting
• 1:18:18
  over here, checking it out, and yeah, getting out of your
• 1:18:21
  comfort zone a bit. The aim is that the individuals
• 1:18:25
  who come to the conference come out of the conference a better
• 1:18:28
  person, feeling full of energy and ready to take on the world
• 1:18:31
  on a Bitcoin standard. Ours.
• 1:18:34
  Love it. Love it.
• 1:18:34
  OK, come on. I also want you to touch on the
• 1:18:38
  conference, but once you touch on the conference and then just
• 1:18:43
  go into a live demo of what you showed us before, and I think
• 1:18:46
  that's going to be a great way to end the show.
• 1:18:47
  So, Kamal, the floor is yours. Awesome.
• 1:18:50
  Well, I mean Charlie did a great job.
• 1:18:53
  El Salvador is a gift to Bitcoin and Bitcoiners.
• 1:18:57
  It's a sovereign nation that made it, it's legal tender, I
• 1:19:01
  mean, and, and it's in Bitcoin's 13th year.
• 1:19:05
  I, I, I, I think nobody really expected that.
• 1:19:08
  And they didn't adopt it as a store of value.
• 1:19:10
  They adopted it as a medium of exchange.
• 1:19:12
  Nobody. And that is the biggest surprise
• 1:19:15
  even, but they're making it work.
• 1:19:17
  And I think it's turned a little bit into a shop front in the in
• 1:19:21
  meat space to the world. It's not just this geeks thing
• 1:19:26
  on the Internet that some nerds play around with.
• 1:19:30
  Now real mothers and fathers with families and businesses are
• 1:19:35
  using it and relying on it because it makes their life
• 1:19:38
  easier. And so that is really what
• 1:19:43
  adopting Bitcoin is about and focuses on making it work for
• 1:19:47
  people, real people that are not nerds, that are not geeks, just
• 1:19:51
  normal people who want to go about their life and work
• 1:19:55
  without being stolen from and having the ability to transact
• 1:19:59
  and economize in a, in a global market from where they are.
• 1:20:04
  And, and Bitcoin enables that in a beautiful way.
• 1:20:07
  It's borderless, it's permissionless, it's
• 1:20:08
  interoperable, it's open source. And yeah, it's, we're making it
• 1:20:15
  work. And basically, adopting Bitcoin
• 1:20:18
  brings together all the people that work on making it work.
• 1:20:21
  Right. The builders, not just the price
• 1:20:23
  speculators or Larpers or I don't know, like what people are
• 1:20:29
  doing. There's lots of things people
• 1:20:31
  are doing out there calling it Bitcoin, especially here in
• 1:20:34
  Turkey. But it's really about bringing
• 1:20:38
  about adopting Bitcoin adoption as a medium of exchange, as a
• 1:20:43
  better store of value. That's for people.
• 1:20:46
  And that's where adopting Bitcoin basically shows up and
• 1:20:49
  happens to amplify the efforts of the community to bring
• 1:20:53
  expertise from international bitcoiners into the country, but
• 1:20:56
  also to learn from the people and the challenges that are
• 1:20:59
  happening there. So the appropriate solutions can
• 1:21:03
  be developed, the challenges overcome together to learn from
• 1:21:06
  each other and and the experiences of that people make.
• 1:21:12
  There are not just in El Salvador and there are Bitcoin
• 1:21:16
  communities and who are using Bitcoin as a medium of exchange
• 1:21:19
  in many different places now. So and this is where adopting
• 1:21:23
  Bitcoin happens, right? Like I just talked about
• 1:21:26
  Netherlands, Arnhem City, Bitcoin city Bitcoin Start has
• 1:21:29
  been using Bitcoin as a medium of exchange since 2014.
• 1:21:35
  There is also a lot of adoption happening in Cape Town.
• 1:21:39
  There will also be an adopting Bitcoin there again in 2025 in
• 1:21:42
  January. It's summer in the Southern
• 1:21:45
  hemisphere. So if you wanted to check that
• 1:21:49
  out or can't make it in November to El Salvador, I recommend you
• 1:21:51
  look into that. It's super underrated what's
• 1:21:56
  going on in South Africa. And and you'd be surprised how
• 1:22:00
  strong of a Bitcoin community they have there.
• 1:22:04
  Yeah. And basically all these people
• 1:22:07
  from all over the world, from all these Bitcoin circular
• 1:22:09
  economies are, are inspired by what happened in Bitcoin Beach,
• 1:22:14
  right? Like what Mike Peterson and the,
• 1:22:17
  and the crew there did starting in 2019 and, and even earlier,
• 1:22:23
  going back to what they did with Hope House, way before they
• 1:22:25
  started to actually teach about Bitcoin.
• 1:22:28
  They were doing computer classes and English classes and
• 1:22:32
  educating the people there so they don't drift away and, and
• 1:22:37
  join the gangs and, and, and lose perspective.
• 1:22:42
  And they added Bitcoin to it, to this, to this whole, to their
• 1:22:48
  community work because it fits beautifully, because Bitcoin is
• 1:22:51
  about community and, and about caring and, and a lot of people
• 1:22:56
  around the world were inspired. Bitcoin has saw this and they
• 1:22:59
  said, all right, well, I can do I want that in my community as
• 1:23:03
  well. And we are now seeing people in
• 1:23:05
  Peru, in Brazil, in South Africa, in Uganda, in Ghana, in
• 1:23:11
  many places around the world, really replicating what yeah was
• 1:23:18
  popularized mostly by Bitcoin Beach.
• 1:23:21
  It started earlier, but Bitcoin Beach really had this
• 1:23:23
  breakthrough success, especially because it also inspired the
• 1:23:28
  nation state adoption in, in in its greater country, right,
• 1:23:32
  Which is, which is an amazing feat.
• 1:23:34
  And yeah, what we are doing in in with Galloy and with Blink as
• 1:23:42
  well as the conference host in El Saldado.
• 1:23:45
  Not the cut, Yo. Come on, Blade.
• 1:23:46
  Show them a little live demo if you can right now.
• 1:23:48
  And then, yeah. All right, so I mentioned it in
• 1:23:51
  the beginning, right? So today is a good day for
• 1:23:54
  Bitcoin as a medium of exchange for two reasons.
• 1:23:58
  BTC Pay Server released a plug in.
• 1:24:01
  So if you have a BTC Pay Server account, you can now create
• 1:24:06
  these beautiful Bolt cards yourself, right?
• 1:24:09
  You can buy them for $0.10 and you can program them with your
• 1:24:12
  BTC Peso instance. We used the set up in Madeira at
• 1:24:15
  the Bitcoin Atlantis conference and it was beautiful.
• 1:24:20
  It worked like a charm. We gave it into the hands of
• 1:24:24
  newbies who had never used Bitcoin before and they were
• 1:24:26
  making Bitcoin payments just by tapping a card.
• 1:24:29
  So that superior payment experience is now also available
• 1:24:33
  in Bitcoin and you can actually do it yourself.
• 1:24:36
  A second thing that I'm personally also very excited
• 1:24:40
  about is maybe you've seen these bad boys here.
• 1:24:45
  It's called the Bitcoinized point of sale.
• 1:24:47
  It's basically, yeah, a a Android phone with a a little
• 1:24:53
  bit of extras. You can buy it and it has a
• 1:24:56
  printer. It has a thermal printer here.
• 1:24:59
  So maybe I'll do a little demo here.
• 1:25:03
  So what I can do now with this with with something that we
• 1:25:06
  released with Blink today for alpha testing.
• 1:25:09
  It's called Blink voucher. So I can create a Bitcoin
• 1:25:12
  voucher with this. You can't see my screen because
• 1:25:14
  it's too bright, but I'm typing in a $1.00 voucher price and now
• 1:25:20
  I'm being asked to pay and I'm say pay.
• 1:25:24
  It's connected to my Blink wallet.
• 1:25:26
  So now the payment is done and I can see here AQR code, it's a
• 1:25:34
  little bit blurred so people don't snatch it from the live
• 1:25:38
  stream. And I'll just go ahead and
• 1:25:39
  print, click the print button here.
• 1:25:44
  And this is basically now one $1.00 worth, right?
• 1:25:51
  Like, so I don't know if you can scan it, but if you're face to
• 1:25:54
  face, it's a pretty nice way to sell Bitcoin for cash and for
• 1:26:01
  anybody. And the beauty about that is
• 1:26:03
  it's KY 3 free Bitcoin, right? And the another aspect of it is
• 1:26:09
  it actually encourages shops who are accepting Bitcoin not to
• 1:26:15
  just accept Bitcoin, but to prefer Bitcoin because it's the
• 1:26:18
  hottest digital asset in the world and they can sell it for a
• 1:26:23
  premium that they can determine to bitcoiners who want to buy
• 1:26:27
  KYC free Bitcoin. So I'm mildly bullish about
• 1:26:33
  this. As you can hear, I think it's
• 1:26:37
  it's going to be a game changer, especially in cash based
• 1:26:41
  economies, especially in in the global S, but actually anywhere
• 1:26:46
  where there's Bitcoiners who want to provide a service and
• 1:26:49
  earn a little bit of extra money for giving KYC free Bitcoin to
• 1:26:54
  their peers, right? And so maybe this could be an
• 1:26:58
  alternative to the convenience of KYC exchanges going forward,
• 1:27:04
  more peer-to-peer trading. One quick question, Kamal, where
• 1:27:08
  can you get that point of sales terminal again?
• 1:27:12
  So this is called the Bitcoin Eyes point of sale.
• 1:27:15
  You can find it on Twitter. If you type in Bitcoin Eyes,
• 1:27:20
  it's it's yeah. Fernando from Bitcoin Beach
• 1:27:24
  Brazil, one of the guys who basically was inspired by Mike
• 1:27:28
  Peterson, really worked this out.
• 1:27:31
  He has some suppliers that he's working with in China.
• 1:27:36
  It's a little bit pricey. There is also these devices here
• 1:27:40
  that you like, mobile thermal printers that you can buy for
• 1:27:44
  $20 on Alibaba, right? Like it's nothing and you can
• 1:27:49
  basically connect it to any Android phone with Bluetooth and
• 1:27:53
  print out these receipts, right? The receipts are not strictly
• 1:27:58
  necessary. You could just also show your
• 1:28:00
  screen and let the buyer basically scan it off your
• 1:28:05
  screen in exchange for the cash that he gives you.
• 1:28:08
  But it's nice, you know, if you have like a little piece of
• 1:28:11
  paper like that, that you can scan with your Lightning wallet
• 1:28:14
  and redeem with L and URL withdraw, That's that's pretty
• 1:28:17
  neat to have something physical in general for people who are
• 1:28:21
  not overly technical, right? Like one of the big criticisms
• 1:28:25
  of Bitcoin is that you can touch it now.
• 1:28:26
  You can touch it actually. Love it.
• 1:28:29
  Absolutely love it. Great, great show.
• 1:28:31
  Well, Kamal, Charlie, thank you for coming on today's show.
• 1:28:35
  Let's just do one last plug. What do you guys, where do you
• 1:28:38
  want to point the audience to? And then we'll wrap up today's
• 1:28:40
  show. Charlie, you go first.
• 1:28:46
  Cool. OK, So yeah, first point of
• 1:28:49
  call, if you want to participate in adopting Bitcoin, if you have
• 1:28:52
  a good message that you want to get out on Bitcoin adoption, I'd
• 1:28:55
  recommend going for the call for participation on the Adopting
• 1:28:58
  Bitcoin website. Have a look through.
• 1:29:01
  I to be honest, I just recommend come over to El Salvador.
• 1:29:04
  I mean, I've, I've been here a year living here and it's my
• 1:29:07
  life has completely changed. I mean, it was good, but it's
• 1:29:09
  changed for for, I feel a lot of sense of purpose.
• 1:29:13
  Come check it out if you want to get a ticket going to the
• 1:29:17
  tickets. Yeah, adopting Bitcoin 2024,
• 1:29:20
  it's going to be absolutely crazy.
• 1:29:22
  It's going to be awesome. Love it, love it.
• 1:29:24
  OK, come on. Same as you.
• 1:29:26
  And then we'll roll today's show out.
• 1:29:28
  Yeah, come to El Salvador. I can only recommend that.
• 1:29:32
  I've been there two times myself.
• 1:29:35
  It's amazing accumulation of amazing people, freedom loving
• 1:29:40
  people who are there to build something in Bitcoin country.
• 1:29:43
  And it truly is Bitcoin country and it's becoming more Bitcoin
• 1:29:47
  country every day, thanks to the amazing work that the Bitcoiners
• 1:29:50
  there are putting in and the Bitcoiners that are coming from
• 1:29:53
  abroad, they're contributing a lot because they're hyping their
• 1:30:00
  work, like celebrating them and their efforts and, and really
• 1:30:04
  giving them a boost. And that's true for all the bit
• 1:30:07
  concerted economies. And, and we're trying to really
• 1:30:10
  like make it a celebration of the people that are putting in
• 1:30:15
  the work every day, opting out and creating these safe spaces
• 1:30:20
  for us that are where you can live without Fiat, right?
• 1:30:25
  And, and this is the ultimate thing.
• 1:30:26
  And you should go and see this and, and be inspired by what's
• 1:30:30
  going on. You, you should learn how to do
• 1:30:33
  it from the people that have done it and that have made
• 1:30:36
  mistakes and have learned from them and developed solutions to
• 1:30:39
  mitigate them and go home to where you are and and make make
• 1:30:44
  do that same thing where you are.
• 1:30:46
  Like I'm not saying you should move to El Salvador.
• 1:30:48
  Maybe maybe you if if it's really a shit hole where you at
• 1:30:51
  and you see no like future or like chance that it can be
• 1:30:56
  improved with the right people, do it.
• 1:30:58
  OK. But the first choice should be
• 1:31:01
  to improve where you're at and, and, and just opt out where you
• 1:31:05
  are, where you are with the people around you.
• 1:31:08
  Convince your local farmers market, your, your butcher and
• 1:31:11
  your and your grocery store to accept Bitcoin payments, your
• 1:31:14
  Barber and, and go with that. And, and, and if you need tools
• 1:31:18
  how to do that, well, that's what adopting Bitcoin is for.
• 1:31:22
  And and you can come and and learn about it there.
• 1:31:25
  Love it, guys. All right, well, come on
• 1:31:27
  Charlie, thank you for coming on today's show.
• 1:31:29
  Let me pull you behind the scenes as I roll out today's
• 1:31:32
  show, but really appreciate it. This is a great show.
• 1:31:35
  All righty then, guys and girls, I do want to give a special
• 1:31:39
  shout out to Chris Alamo, the best producer in the game.
• 1:31:43
  Not with us today. No, that's either you or Jacob.
• 1:31:45
  I'll let you guys Duke it out for that, but.
• 1:31:48
  It's it's the bugle now. They have really good production
• 1:31:50
  now. Their production's doing well.
• 1:31:52
  Anyways, Chris, thanks for coming on, dude.
• 1:31:54
  We'll get you on again soon. I really appreciate you when you
• 1:31:58
  come off the bench, bro. It means a lot to us.
• 1:32:01
  On that note, let me roll the show out guys.
• 1:32:03
  So hang out behind the scenes. All right, that was another
• 1:32:06
  episode. Opti's simply speculation take
• 1:32:09
  over for today. You already know the deal.
• 1:32:11
  Like subscribe, share, make sure people get Bitcoin content, not
• 1:32:14
  just our content, everyone's content.
• 1:32:16
  Make sure they get the signal. On that note, guys, we'll be
• 1:32:19
  back tomorrow. Peace out.
• 1:32:22
  It was brought to you by bitcoinwell.com on a mission to
• 1:32:26
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